Evidence of the emergence of independent retailers on the High Street
Evidence of the emergence of independent retailers on the High Street. Office occupiers continue to review their working practices. Industrial property stays strong.
Increased enquiries, translating into completed lettings on the High Street, indicate the return of the independent retailer. We have successfully acted for a number of landlords, introducing an exciting and diverse range of new tenants with creative businesses, to take the High Street into 2021 on an optimistic note.
The industrial sector has continued to be the star of the property market. Occupiers and investors remain engaged and confident; demand continues to outstrip supply.
Office occupiers continue to review their medium to long term working practices; working from home has its advantages but there are team spirit, mental health and efficiency considerations. In office premises social distancing measures are expected for some time to come, which may result in an increased demand for office space.
While enthusiasm and commitment remains, the leisure sector continues to be very uncertain with businesses in ‘limbo’, awaiting further government guidance and monitoring public perception. A number of clients have come up with alternative and innovative ways of delivering their product, maintaining their market presence. Landlord and tenant co-operation has been the key to successful continuity through the last year.