No sympathy. (Canterbury Tales).
Date: Monday, October 1 2001
I wasn't sorry to read that last year landlords of shopping centres suffered their worst year for two decades as retailers shunned popular shopping centres in favour of larger outlets in cheaper locations.
A survey by Donaldson's, the property consultancy, found that shopping centre
In addition to this, the survey found that the number of empty outlets in shopping centres rose to 5% against 3% of shops vacant on the high street at any one time.
A different study of 900 retailers found that they required stores an average of 20% larger than the areas from which they currently trade (who said it was only electrical retailers that needed larger shops!).
The survey also showed that shopping centres in the West Midlands and the North West enjoyed the largest rent increases last year - so they must be the buoyant and booming areas of the country and not the normally prosperous South East!
In addition, make sure to read these articles:
- Investors plan glass tower at booming downtown site.
- Around town: events seminars meetings talks.
- Fog Cutter Capital Group Inc. Reports Real Estate Sale by Bourne End Subsidiary.
- RICS says house market is cooling
- 2002 Regional Car Wash Survey; IMO Wash Nearly 40% of Nations Cars During 2002.
- UK DIARY
- Business failures keep on rising
- Late payment on the increase
- UK DIARY
- New numbers, changing assumptions: Alan Holmans looks at the upward revision in the...
- New business SDSL service launched in the UK by Bulldog.
- Identify the Key Issues Faced by the UK's Leading Town Centre Retailers.
- Elections to CIMA Council 2004
- UK manufacturing SMEs failing on e-commerce?
- NTL wins digital radio contract. (Polistream the Only word in subtitle transmission).
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