Up to 40% of UK retail space is not needed – here's what can be done with it
- Written by Paul Michael Greenhalgh, Professor of Real Estate and Regeneration, Northumbria University, Newcastle
shutterstockCOVID-19 continues to wreak havoc on retailers. Since tough new restrictions were introduced in parts of the UK during October, footfall on high streets, shopping centres and out-of-town retail parks has fallen: it is now down 32% year on year, with regional cities bearing the brunt. Many retailers are not paying rent, and some...