Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040

Demand for well connected schemes in strategic locations is likely to form a key part of retailer strategies going forward, with the tenant mix broadening away from consumer goods and home furnishings, to include fashion, banking, fitness and F&B. Some of this additional demand may be at the expense of high streets and shopping centre locations, with retailers responding to the changes in consumer preferences. Schemes with diverse offers in areas with growing populations will continue to be in high demand, and are expected to outweigh the decline of underperforming tertiary sites. As we look to 2040, retail parks alongside supermarkets, look well positioned to capitalise on the transition to electric vehicles. These sectors are likely to gain from the electrification of vehicles as a result in demand for retail warehouses with low site coverage and high levels of parking amenity. Performance will be mixed with those schemes boasting suitable energy infrastructure benefitting from the installation of EV charging, which will drive supplementary footfall over coming years.

RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK

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CUSHMAN & WAKEFIELD