Searching for the hot spots

January 2005
Cabinet Maker;1/7/2005, Issue 5420, p10
Trade Publication
The article presents a report by property agents FPD Savills and TW Research Associates. There will be a dichotomy in availability for retail park plots in 2005. Demand for primary locations in plumb retail developments will continue to outstrip supply as fashion retailers such as Next muscle into the retail park environment. But rent prices are likely to fall in secondary locations. Plot availability will put downward pressure on price, which in the short term is good news for tenants. The scarcity of plots will see retailers face the prospect of a beating with the stick of higher rents. But they may also be offered carrots from other retailers who fancy their plots, and are willing to hand over sweeteners for them.


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