Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Retail rents set to drop

Demand for retail space between April and June was at its lowest level for six years, and prime retail rents are likely to fall or remain flat over the next 12 months, a new report has said.

More than half (53%) of respondents to a survey by the Royal Institution of Chartered Surveyors (RICS) said they expected a drop in demand for retail space over the coming year.

Almost three-quarters (70%) expected investors to scale back their exposure to retail property as a result of the growing use of company voluntary arrangements (CVAs).

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.