Our latest H1 2022 Retail Pricing Map shows rents across all three forms of retail real estate have recorded improvements in terms of the number of markets reporting positive and stable rental conditions.
- Mainstream High Street locations (MHS) reporting stable rents expanded from 75% (H2 2021) to 82% by H1 2022. Some 8% of locations registered rental growth, versus only 2% at year-end.
- Traditional Shopping Centre (TSCs) locations reporting stable rents matched year-end’s 80%, though the number reporting prime headline growth increased by 6%.
- Luxury High Street (LHS) locations reporting stable rents fell marginally to 70%, but this was offset by 17% of locations reporting rental growth.
The LHS segment of the markets looks set to provide landlords with the most stable rental conditions across the three asset types over the next 12 months, with the sector facing rental declines in the year ahead. LHS locations’ share of markets facing rental declines is set to expand from 13% in H1 2022 to 19% by H1 2023. For MHS locations, this share is expected to expand from 10% to 26% of markets by H1 2023, with a similar picture expected across TSC locations - expanding from 10% to 22% by H1 2023.
Download our Retail Pricing Map below.