Image from Google Jackets

Big drop in UK shop unit demand

Series: Retail Property ; 7 February 2003, 31(1)Publication details: 2003Subject(s): Summary: Demand for shop units in the UK dropped dramatically in 2002, according to research from the Property Information Project (PIP). In the three months to December, demand for retail floorspace fell 5.8%, on top of a 10.4% drop in the previous quarter. The total reduction of space in demand was 27.5% during last year. The "Current shop demand" report is available from the PIP website http://www.thepip.com/.

Demand for shop units in the UK dropped dramatically in 2002, according to research from the Property Information Project (PIP). In the three months to December, demand for retail floorspace fell 5.8%, on top of a 10.4% drop in the previous quarter. The total reduction of space in demand was 27.5% during last year. The "Current shop demand" report is available from the PIP website http://www.thepip.com/.