Out now: our 2022 GB retail and leisure market analysis
Date published: 2023-03-14 Date modified: 2023-03-14
Key findings include:
The gap between openings and closures narrows
Decreases in store closures continued through 2022, with the gap between openings and closures reaching its smallest since 2016.
Vacancy rates see their largest year-on-year decline since 2013
Vacancy rates continue to trend downward. Overall vacancy rate ended the year at 13.8%: the decline of 0.6% on 2021 represents the greatest year-on-year decrease in vacancy since records began in 2013.
Figure 1: Number of openings and closures across GB, 2013 to 2022 (Source: The Local Data Company)
Growth in independent retail and leisure slows significantly
In this first full year of trading following the end of the business rates relief scheme, GB independents saw a net increase of 262 units over 2022, a dramatic decline on the 2021 figure of 2,157.
Click here to download your copy of our FY 2022 report.
THE REPORT ALSO INCLUDES:
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Data on openings and closures across GB
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GB vacancy rates by location type and region
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Redevelopment activity with a focus on recent activity in the shopping centre sector
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The early impacts of the cost-of-living crisis, including which retail categories have seen the biggest initial impact
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The fastest-growing and declining retail and leisure subcategories of 2022
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Insights and case studies from our partners, including Richmond and Wandsworth Council and Savills
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The outlook for 2023 and beyond amid continuing economic impacts
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And more
As part of our commitment to supporting the GB retail and leisure sector, we are providing this report entirely free of charge. Click below to access your copy.
Author
Local Data Company
The Local Data Company
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Local Data Company is the UK’s most accurate retail location insight company. We physically track every retail and leisure business across the entire country. Our data powers strategy and decision making for our clients working across retail, leisure, out-of-home media, investment, property and financial services.