Retail and Leisure Market Update
Thursday 10 November 2022
Flude Property Consultants are delighted to share with you the most recent retail and leisure market update prepared by our dedicated retail and leisure agents; Will Thomas, Mary Jackson and Alice Masterman.
There is still a general shortage of available space across Brighton & Hove, and when new units do come to the market, they are generating good levels of interest. The market is still largely driven by food related occupiers, but regional retailers without footholds in the city are still seeking prime locations. The North Laine is still highly sought after, with premiums being paid on lease assignments.
Having seen a buoyant post covid period deal with pent up demand in Chichester, the retail property market has slowed whilst retailers work out the implications of the Cost of Living, watch inflation, await further information about rates and also keeping an eye on the war in Ukraine. Having said this, there are many lettings in the pipeline as we head steadily towards Christmas.
Portsmouth and Southsea has seen remained active despite the downturn described on the news. Enquiry levels have gone down but we are still seeing the same amount of offers and completions from serious contenders, with many keen to get their deal across the line.
Click on the link below to view our market update flyer.
