Spotlight Central London Retail Outlook Q3 2013 | Savills


  • Retailer demand remains robust in the prime pitch, however, we have also seen ferocious rental bidding activity in some of the new emerging pitches in Mayfair.
  • Prime Zone A rents grew by an average of 3.1% over Q3.
  • Occupier demand for Bond and Regent streets remain strong suggesting prime rents will continue to see marked growth over the short-medium term.
  • 'True' vacancy across Oxford, Regent and Bond streets averages 0.7%. Bond and Regent streets have zero vacancy.
  • Investment volumes to date total £1.8bn, already exceeding 2012 levels. End year volumes are expected to be in line with the £2.3bn seen in 2011.
  • Overseas investors have dominated activity this year driven by increased spending by Asian investors.
  • We expect to see improved returns across the retail quality and geographical spectrum in Central London into 2014.

(This article features excerpts from the full report – please download it here)