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Ecommerce growth means more shops will shut


I don't own and Indi but did work in one in for many years in my youth !!, it wasn't prime location but was just off the main drag, it was a destination shop, in fact it's still there some 20 years later, not the same tenant though and certainly not freehold. If online is causing there to be too retail capacity surely high street rents will fall otherwise we will have landlords holding onto empty properties. Recently someone told me that the institutional landlords would rather see shops empty than drop the rents as this would cause a spiral which cannot be allowed to happen because many of the big pension funds are linked to high street properties and there rental and capital yields, not too mention loans borrowed against these properties, we could have another sub prime on commercial properties, surely however given the above article at least some high streets should become more affordable.

Posted date

7 January 2015

Posted time

12:52 pm