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No way back for the high street

By: Language: English Series: Property Week ; 78(24) 15 June 2012, 34-37(4)Publication details: 2012Subject(s): Summary: Collier International's "Midsummer Retail Report 2012" paints the bleakest picture yet of the UK retail property market - too many shops on many high streets. New development will happen where there is demand but in many towns retail space will be boarded up permanently or demolished. Central London was the only region to report an increase in rents (9.4%). The UK overall vacancy rate is 10.4% up from 9.7% in 2011. Colliers' market predictions concentrate on leisure, localism and linking. Graphics cover biggest rent risers and fallers; average regional rent changes; highest and lowest UK retail rents; and high street administrations.

Collier International's "Midsummer Retail Report 2012" paints the bleakest picture yet of the UK retail property market - too many shops on many high streets. New development will happen where there is demand but in many towns retail space will be boarded up permanently or demolished. Central London was the only region to report an increase in rents (9.4%). The UK overall vacancy rate is 10.4% up from 9.7% in 2011. Colliers' market predictions concentrate on leisure, localism and linking. Graphics cover biggest rent risers and fallers; average regional rent changes; highest and lowest UK retail rents; and high street administrations.