Thursday, September 08, 2011

London Retail Landlords Are Better Off

Landlords who have retail property in London are likely to be better off than their counterparts in town centres.

Matthew Hopkinson, director at the Local Data Company, explained that landlords are finding it tougher to let their town centre retail spaces for a number of reasons.
He explained: "There are lots of aspects about town centres which make it much harder [to let].

"There are a number of dynamics, and those dynamics vary depending on where you are in the country and the type of shop and population that you are serving."
Mr Hopkinson added that infrastructure issues, such as parking and the size of the retail space, are causing problems for landlords.

He claims many retailers want a space that has ease of access and parking that supports their business.

However, landlords who have retail property in London may not need to be too concerned, as Iain Smith, spokesman for the London Chamber of Commerce and Industry, recently said that London is the "best business city in the world".

London Commercial Property News

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