Market in Minutes: Central London Retail – Q1 2024
"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
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"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"
"Positive year-end metrics and the improving macroeconomic outlook bode well for 2024"
"Positive momentum in the occupier market continues with prime West End vacancy compressing by 282 bps to 6.5% in Q3"
"Rebased rents and business rates revaluation improves retailer demand across prime West End"
"Suburban London high streets have been supported by increased homeworking since the pandemic, with some suburbs experiencing significant retail resilience. The Savills Outer London retail resilience ranking outlines those markets presenting opportunities for expanding retail and leisure operators"
"From lockdowns to supply chain issues, fashion retailers have had a whole host of challenges to contend with."
"West End occupational markets remain buoyant in the face of economic headwinds, although outlook for early 2023 remains cautious"
"Is the cost of living crisis impacting central London?"
"Return to work supporting footfall recovery"