"Retail is the only one of the three main sectors where there is still a significantly wider than normal spread between prime and secondary yields."
Mat Oakley, Savills Research
UK retailers, both online and offline, expect a strong trading Christmas as consumer confidence remains high.
■ We expect that the current robust level of consumer confidence will lead to a strong online and offline Christmas.
■ 2016 will see a steady improvement in retailer confidence, with new entrants to the UK retail space from the US, Asia Pacific and Europe. We are also expecting to see more pure-play online retailers following the online-to-offline (O2O) trend and opening stores.
■ With 23 shopping centres currently under offer, and a further 44 in the market, the final quarter will be a busy one. This could lead to a well above average turnover level of £7 billion this year.
■ The high street shop investment market in 2016 will see a broadening investor base, and a more diverse spread of requirements.
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