Retail Market Focus Q2 2020
Our quarterly retail report provides an update on the UK consumer, plus an overview of the latest occupier and investment trends.
- Retail sales and footfall are starting to recover following the lifting of restrictions on non-essential retail in June, with pent-up demand evident upon reopening.
- However, it is still too soon to talk of a market returning to ‘normality’ and further administrations, store closures and rent declines are inevitable.
- Investment activity is expected to pick up from Q4 onwards, driven by distressed sales and repositioning opportunities. Good quality assets in the right locations that offer flexibility or potential for mixed-use are likely to be the primary target for investors.
- Foodstores remain one of the few bright spots in the commercial real estate market as investors look to deploy capital into defensive assets.