This year has witnessed the highest number of shop closures since 2004, with some 6,000 premises closing their doors in the first six months of 2020 alone.
Using specialist data sources from EG Radius and EG Propertylink, the report reveals the places that are set to win and lose from a new retail revolution.
EG Retail Disrupted: The pain & the potential reveals:
- The number of retail properties coming to market has increased by 40% year-on-year with some 7,500 empty units looking for a new occupier
- Lease lengths have fallen by 28% over the past decade, with average rents dropping by 27%
- Planning permissions to develop new shops has fallen by 50% with applications for new space dropping by 70% over the past four years
- The speed of permission for shop development has decreased from 143 days to just 78
Download the report and subscribe to EG Radius for more in-depth intelligence as well as access to instant data.