10 things you need to know about out-of-town retail in the UK

25 February 2017 – by James Child

Retail park planning applications jumped by 60% in 2016, heading for a 10-year high. As the retail market faces a barrage of storms from currency fluctuations squeezing margins, the impact of interest rate changes on consumer spending and the move online, EG delves into the data and analyses the 10 things you need to about UK retail parks.

Retail park

With developer confidence in new retail parks still strong and administrations rising we ask is the town centre first policy working, is there likely to be an oversupply of new space and if the market will collapse.

1. Developer intent is strong…

Since 2013, there has been a steep rise in the number of planning applications submitted for new out-of-town retail schemes in the UK. The number of applications for retail parks jumped from 14 to 24 year on year. If built out that equates to 4.2m sq ft of new A1 space.

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