Retail and Leisure Market Update
Friday 25 February 2022
Flude Property Consultants are delighted to share with you the most recent retail and leisure market update prepared by our dedicated retail and leisure agents; Will Thomas, Mary Jackson and Sebastian Martin.
The last couple of years have been dominated by the pandemic, which has acted as an accelerant to the trends that we were already seeing in the retail sector.
Retailers have been forced to reinvent the way they trade and this will, in turn, lead to more store consolidation in key towns or locations. For the traditional high street to remain vibrant and viable, owners, local councils and other stakeholders need to work with tenants to keep shops open and provide the retail experience so many have missed during lockdown.
It is fair to say that Brighton & Hove seems to have performed better than most cities in the UK. Unlike many parts of the country that have been badly hit by the pandemic, local businesses in Brighton & Hove have benefitted from the unprecedented volume of footfall since the lifting of Covid restrictions, which at times has made the press. Rents haven’t been too affected by the pandemic but we have found entry terms might perhaps be softer with requested rent free periods and tenant only break options.
Click on the link below to view our market update flyer.
