This report for any retailer operating in modern markets, and particularly dealing with international companies, was a key read. Many interesting points about how retail rents in South East Asian shopping hot spots continue to rise and the influx of flagship stores moving to Shanghai. For inspiration for your own store and to be more clued up we do suggest reading it. However, we are aiming to focus our summary of the report on the parts we see relevant to our sort of clients who are based in the UK and require our shop fitting services there.
According to this map, retail rents in the key shopping streets in major UK cities such as Manchester, Birmingham and Leeds have seen a drop in retail rents. This is true of all UK cities apart from London, where the rent on Bond Street on average has rocketed up 14% on last year’s figures.