Business rates revaluation 2023: The retail impact
"What are the implications of the 2023 revaluation on different parts of the retail and leisure property sector and how is the market responding?"
Tagged Articles
"What are the implications of the 2023 revaluation on different parts of the retail and leisure property sector and how is the market responding?"
"Despite a strong start to 2022, the investment market retracted somewhat as concerns over economic headwinds began to grow. Nevertheless, the occupational market has remained resilient, and as a result, retail warehousing is once again beginning to look sensibly priced versus other asset classes"
"The retail sector is looking to be the most resilient of all real estate asset classes this year"
"West End occupational markets remain buoyant in the face of economic headwinds, although outlook for early 2023 remains cautious"
"With the leisure market facing the first festive period in three years without consumer restriction, following strong growth over the summer months, how much will consumer spend be tapered with the rising cost of living and, what other financial pressures face operators, as we move towards 2023?"
"The end of lockdown has seen improvements in acquisition activity for leisure operators across high streets, shopping centres and retail parks"
"Out-of-town retail destinations have seen increasing competition for F&B space as consumers continue to recognise the convenience of their locations, leading to a significant uplift in the rents that can be achieved at this format"
"Despite the food and beverage sector seeing some improvement in consumer engagement and operator acquisitions in town and city centres, it is regional locations that have seen a significant uptick in fortunes, allowing businesses to return to profit"
"Restaurants have seen a similar pattern of behaviour to the rest of the food and beverage market"
"Looking forward, the performance of restaurants, as well as the rest of the hospitality industry, may prove to be more tapered as it attempts to navigate the current economic headwinds"