Continued Brexit uncertainty and rising inflation will represent a challenge to retailers and consumers in 2017 as well as the minimum wage and rating revaluation both squeezing margins over the next few years in an environment of potential volatile consumer confidence and behaviour.
Some key features of Q4 2016 include:
- In Q4 thetransactional volumes of shopping centres saw a marked recovery, with 12centres transacted, amounting to £1.267bn
- On the high street,competitive bidding has driven yields below 4%
- Although footfall inDecember was 0.2% down on a year ago, last minute Christmas shoppers helped thehigh street with a positive growth in footfall for the first time since 2011,up 0.8%