Shops caught in tourist trap
Shops caught in tourist trap
- 2000
- Financial Times 22 September 2000, 34(1) .
Considers latest research by Donaldsons, which suggests London retailers are facing rent increases of 40%, even though UK retail properties produced total returns less than half of commercial or industrial properties in the last six months. Donaldsons blames the current tourist boom and leisure industry for pushing up rents.
TOURISM
LEISURE INDUSTRY
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
CENTRAL LONDON
RETAIL RENTS
FORECASTS
Considers latest research by Donaldsons, which suggests London retailers are facing rent increases of 40%, even though UK retail properties produced total returns less than half of commercial or industrial properties in the last six months. Donaldsons blames the current tourist boom and leisure industry for pushing up rents.
TOURISM
LEISURE INDUSTRY
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
CENTRAL LONDON
RETAIL RENTS
FORECASTS