Search
 

Shopping Mall Vacancies Hit New Low

LONDON-Vacancy rates in Britain's shopping malls have fallen to an all-time low, according to new research from CB Hillier Parker.

By Graham Parker | Updated on May 20, 2001

LONDON-Vacancy rates in Britain’s shopping malls have fallen to an all-time low, according to new research from CB Hillier Parker. Despite difficult trading conditions, shopping centre vacancy rates have dipped below 5%, a record low.

According to CB Hillier Parkers latest Shopping Centre Master List publication, Great Britain’s stock of retail floorspace now totals almost 1.2 billion sf, equivalent to 20 sf per capita. And purpose-built shopping centres account for 12.3% of the total.

It is the larger shopping malls that have been performing best of all. Vacancies in the larger shopping centres (300,000 sf or more) currently stand at less than 3.5%. But others are having a harder time of it: over 50% of reported vacancies are located in less than 10% of shopping centres, and these tend to be the older 1960s and 1970s malls.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.