Both landlords and tenants of high street retail shops throughout the UK are still struggling and things are set to get worse. The cost of living crisis, high inflation and rising interest rates are leaving consumers with no money to spend in shops. As a…
A lot of recent events both domestic and overseas have had a negative impact on the commercial property market and there are growing concerns amongst investors about the stability of high street retail property values. Many of you will have seen the recent news including…
As a result of Covid, rising interest rates, tax hikes, increased competition from online companies and mounting debt, small businesses are voluntarily deciding to close down. A record 14,526 businesses in Britain voluntarily appointed liquidators last year, according to data obtained by accountant Price Bailey. …
What is happening to high street retail shops and the retail property market now that Covid19 seems to be on the retreat? Over the past 4 weeks, we at Sell My Commercial Property have seen an increase in calls from owners of high street retail…
The UK's high streets are still suffering. You will have noticed the recent disappearance of the likes of Victoria's Secret, Debenhams, Peacocks, Thomas Cook, Top Shop, Dorothy Perkins and many more. Although some existing retailers have opened new stores, and some new names have appeared,…
If you are looking to sell your commercial property, including your high street shop, office or industrial property, make sure you are ready. The most important thing to do is to get a solicitor to advise you on the sale. This can be the same…
Sell My Commercial Property buys all types of commercial property anywhere in the UK. Whatever commercial property you own, whether it is a high street shop, office or industrial unit, which you are looking to sell, contact us today. We are very direct, professional, honest…
Data recently published by the commercial property information firm Costar has revealed that 83% of department stores have closed since the collapse of BHS in 2016. Today, only 79 department stores in the UK are open compared with 467 five years ago. This is extremely…
Despite the easing of restrictions, the number of vacant retail shops increased during the period April to June 2021. According to figures from The Local Data Company, vacancy rates increased from 14.1% for the period January to March 2021 to 14.5% for the period April…
The latest data published by Centre for Cities in August 2021, using mobile phone data from Locomizer and anonymised offline credit card spend data from Beauclair, shows that although some city centres in the UK have seen a slight recovery since lockdown restrictions were lifted,…