■ Occupational demand in 2017 will be framed around the expectation of tighter margins. We expect the out-of-town market as well as the Midlands and North to benefit from these changing priorities.

■ 2017 will see a more normalised shopping centre investment market, with volumes in line with the average and up on last year. There will be a continued investor bias towards prime stock.

■ High street retail investments will remain very popular with private investors in 2017, and this could put some downward pressure on yields in the best locations. Demand for larger lot sizes will remain limited, though this may present an opportunity for institutional investors.