
Market in Minutes: Central London Retail – Q3 2022
"West End occupational markets remain buoyant in the face of economic headwinds, although outlook for early 2023 remains cautious"
Tagged Articles

"West End occupational markets remain buoyant in the face of economic headwinds, although outlook for early 2023 remains cautious"

"With the leisure market facing the first festive period in three years without consumer restriction, following strong growth over the summer months, how much will consumer spend be tapered with the rising cost of living and, what other financial pressures face operators, as we move towards 2023?"

"The end of lockdown has seen improvements in acquisition activity for leisure operators across high streets, shopping centres and retail parks"

"Out-of-town retail destinations have seen increasing competition for F&B space as consumers continue to recognise the convenience of their locations, leading to a significant uplift in the rents that can be achieved at this format"

"Despite the food and beverage sector seeing some improvement in consumer engagement and operator acquisitions in town and city centres, it is regional locations that have seen a significant uptick in fortunes, allowing businesses to return to profit"

"Restaurants have seen a similar pattern of behaviour to the rest of the food and beverage market"

"Looking forward, the performance of restaurants, as well as the rest of the hospitality industry, may prove to be more tapered as it attempts to navigate the current economic headwinds"

"So, what’s the outlook for the UK leisure sector?"

"Many households have begun to cut back on discretionary spend in line with the cost of living squeeze, although opportunities remain for some subsectors in the lead-up to the festive period"

"UK retail yields start to rise in the face of economic concerns"