Retail Market Focus Q4 2019
Our retail report provides an update on the UK consumer, plus an overview of the current occupational dynamics and investment markets.
- 2019 was another turbulent year for retail, as cyclical factors coupled with structural changes in shopping habits took their toll.
- While further CVAs and store consolidation are expected, there are reasons for optimism over the year ahead as greater political stability lifts consumer confidence and retail continues to reinvent itself.
- Investment into the UK retail market totalled £1.4bn over Q4, bringing total 2019 volumes to £4.9bn, down 14% on 2018.
- Although rents remain under downward pressure, we believe investor sentiment will improve in 2020 as pricing begins to bottom out and pockets of value emerge, notably in retail warehousing.