Annual rental cost of prime retail rents in the UK 2023, by market
London West End - Bond Street is the most expensive location for prime high street rents in the UK, with prices reaching 2,000 British pounds per square foot. The West End was ranked ahead of the London City, which came in third. In Manchester, the annual costs of rental per square foot of prime retail real estate amounted to 240 British pounds.
Retail warehouses
Retail warehouses typically range from fifty thousand to hundreds of thousands of square feet. They are used for keeping and distributing inventory. Retail warehouses include loading docks, truck doors and large parking lots; also, they may contain a limited amount of office space. Prime retail warehouse properties belong to the wider category of industrial property, along with other real estate types, such as distribution buildings, showroom facilities, manufacturing buildings, cold storage facilities, telecom or data hosting centers, "flex" buildings denoting more than one industrial or commercial facility housed in the same building, and finally R&D buildings.
Prime yields of high street retail across Europe
Retail real estate prime yields in Europe were the lowest in Zurich, Switzerland, and the highest in Istanbul, Turkey in 2022. As could be expected, larger cities in Europe tended to produce lower yields, due to the lower risk associated with these markets. Locations with lower yields tend to have steady occupancy rates and rental growth.
