
Market in Minutes: Central London Retail – Q1 2024
"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
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"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"

"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"

"The market remains in a period of stasis, but opportunities are emerging. ‘Rest of UK offices’ look interesting based upon the yield gap to Central London offices"
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"In this scenario, Italian shopping centres are experiencing an increase in footfall, although pre-Covid levels have not yet been reached (-9.2% vs. 2019)."
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"Australian retail investment activity surpassed expectations in the final quarter of 2023, setting the stage for a brighter 2024, as rate cuts come into view."

"Although investor confidence has been on the back foot for a number of months, the occupational fundamentals for prime commercial stock remain positive"
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"Positive year-end metrics and the improving macroeconomic outlook bode well for 2024"

"Improving consumer fortunes suggests a turning point in occupational performance, so will 2024 be the last chance for a prime bargain in the investment market?"

"Which markets are set to outperform this year? "

"As we head into 2024, Savills retail and leisure team ponder the key growth sectors to watch out for in the year ahead"