The rise of the retail industry

As the nation gears up to return to restaurants, cafes and shops, it is worth acknowledging that our retail landscape is very different from how we last left it.

Our director Daksha Mistry has noted from her work across 2020 that as our established stores steadily close, budget retail outfits are opening in their place.

Daksha Mistry

Retail parks that were once home to occupiers such as Mothercare, Carpetright and Homebase are now being snapped up by investors and occupied by B&M, Home Bargains, Lidl and Aldi stores.

As these budget stores grow and develop their brands, they have started to actively seek new premises in both retail parks as well as on our high streets that are slowly losing value and depreciating in price.

Even though we as a nation are looking at budget stores to provide all of our retail needs, there has also been a huge growth in retail industrial property as we have been relying on online shopping that is dependent on warehouses, distribution centres and last mile hubs for storage of food and drink.

This year has seen these requirements in the property industry be fully realised by our clients, which has led to a national movement to localise supply chains – for Trident, this involves the refurbishment and redesign of existing industrial properties and developing new purpose built units.

If you are interested in retail and want to discuss your projects further, contact Daksha on 07718 587056 or email daksha.mistry@tridentbc.com.

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