Commercial property specialists Pearl & Coutts argue that focusing too narrowly on Christmas performance alone skews the bigger picture. They are seeing demand from retailers eager to find the right shops to rent right across the UK all year round.
Reports from the third quarter of 2012 showed how investors were starting to buy into the regional retail market. Traditionally a cautious group, their interests may have been more focused on London and the South East in recent times. But last year the tide began to turn, according to reports in the leading UK financial media. There is now a renewed interest in shopping facilities in other areas of the UK, including the North and the Midlands.
Meanwhile for some, short-term fears of a flat Christmas have been partly realised. Many shoppers have been looking for bargains in the run up to Christmas Day, forcing retailers to cut prices - and therefore margins - to accommodate the trends or risk losing footfall.
Special ‘discount days’ proved popular in the run up to Christmas, but not necessarily with the UK’s shop keeping community. And yet others have seen a bumper year with sales way beyond expectations. With Christmas a mixed bag for many independent traders, the media portrayal could have businesses thinking that the prospects for small and medium sized business, in the UK’s regional markets were at best poor. However, a closer look at figures shows that business confidence in the UK remains strong as it has for the whole of 2013.
The economy is also predicted for robust growth in 2014 and beyond. And investors and developers are starting to move into position to take advantage of this growth. Overseas buyers have snapped up opportunities in and around a number of UK cities and supermarket growth is strong. The nation’s online shopping is habits are also maturing. Shoppers are now reported to more actively look for “real-life”
Pearl & Coutts have been providing commercial property for business clients for over 45 years. They argue that instead of focusing on media headlines about specific traders over Christmas, retailers have plenty of reasons to be more upbeat.
“In 2014, new retail businesses need to be looking at their location – both in terms of potential customers and transport links.”
Pearl & Coutts offer shops to rent alongside a variety of other commercial property in a number of hand-picked UK locations. Their team can be contacted on 020 7843 3788 to discuss how you could find the right shop to let faster. Their current selection of available premises to rent can also be viewed at http://www.pearl-
Pearl & Coutts Ltd
Pearl & Coutts Ltd