High street rental prices projected to go down 10% in 2016

Retailers to hold out for turn around.

In terms of property in the retail market, it has been noted that while over-the-counter sales of daily necessities remain reassuringly solid for retailers, most luxury stores’ sales are stagnant and heading downwards.

According to a release from Colliers International, High street rental prices are expected to decline by 10% in 2016 as upmarket retailers hold out for signs of a turn around.

“In their desire to retain clients in what looks set to be an increasingly competitive market, landlords are now starting to offer tenants very competitive terms for lease renewals,” Helen Mak, senior director, retail services, shared.