Reports

The latest Local Data Company retail and leisure trends report, covering market activity over the first half of 2022, is out today.

Key findings include:

Fewer retail casualties lead to a record improvement in net change in units

Thanks to a marked decrease in store closures, net change in units across GB landed at the most positive figure since H1 2017, with a net decline of only -923 units. 

Vacancy rates continue to decline, Driven by the leisure sector

Vacancy rates continued their downward trajectory from 2020, with a decline of 0.4% over H1 2022. The leisure sector continues to see the greatest improvement, but the retail vacancy rate is beginning to catch up.

Figure 1: Historical net change in units by classification type, H1 2014-H1 2022 (Source: The Local Data Company)

Hospitality remains resilient despite the end of business stimulus packages

Despite concerns over how reduced government support would affect the hospitality industry, it has proven resilient: the independent hospitality sector saw growth of 0.9% over H1 2022. 

Click here to download your copy of our H1 2022 report.

THE REPORT ALSO INCLUDES:

• Data on openings and closures across GB

• GB vacancy rates by location type and region

• Redevelopment activity across the retail and leisure market

• Insights on the reoccupation of ex-department store and Arcadia sites since the CVAs and administrations of 2020

• The fastest-growing and declining retail and leisure subcategories of H1 2022
  

• Insights and case studies from some of our clients and partners, including NatWest, Landsec and Sook

• The most likely outlook for H2 based on our latest data, including the expected impact of the cost-of-living crisis and continuing redevelopment activity across the market

• And more

As part of our commitment to supporting the GB retail and leisure sector, we are providing this report free of charge. Click the button below to request a copy.

Click here to download your copy of our H1 2022 report.