13 May 2022/ Retail Guide

Find your next retail property to rent in Coventry

Discover your next retail property in Coventry

The lesser-known Midlands city of Coventry is a great place for a retail business. It has fantastic transport links, thanks to its central UK location, which make it easy to manage deliveries. You may also find that properties cost slightly less to rent than those in its more well-known neighbour, Birmingham.

Coventry is a relatively small city, covering just over 98km. To put this into context, Birmingham sprawls over 260km. However, it more than makes up for its size with its stature. It has just shy of 380,000 residents, making it the ninth largest city in England by population. For retail businesses, this large population means plenty of customers for a fairly small city centre.

Another benefit of Coventry for the retail sector is its layout. After it was heavily bombed during WWII, it was rebuilt to encourage a boom in business, and this included a pedestrianised shopping area. Today, the city’s regeneration continues to encourage spending in the city. In fact, newer developments, such as a restaurant quarter, have seen Coventry’s shopping footfall increase in recent years, despite the downward trends seen elsewhere in the country.

Whether you want to go with the big names or find yourself a small unit to get your first footing on the retail business ladder, you’ll find a range of suitable units across Coventry on our site.

Retail destinations and properties across Coventry

There are two shopping centres in the heart of Coventry, and we currently have retail units available to rent on both.  

For high street names and large units to rent, you could choose Lower Precinct to be alongside the likes of River Island, H&M, Trespass, Pandora, O2 and Next. The other option, West Orchards, has a wide range of stores, including both clothing brands like M&S, as well as a number of food options such as McDonalds, KFC and Subway. Both centres are next to each other, so you can be confident that you will be in the heart of the shopping action. 

If you would like to open a smaller or independent shop, you could explore the properties in the surrounding streets closer to the university and cathedral. Properties here offer an opportunity to find suitable retail space away from the big brands, whilst still being central.  

Another option for smaller stores is to rent space slightly out of the city centre. You will find high streets in areas including Earlsdon, Coundon and Barras Heath, which offer small units or independent stores. 

Coventry’s transport links make the city well connected to the rest of the UK

Coventry has a park and ride system

The city’s park and ride system has buses every 20 minutes, which take just 10 to 15 minutes to reach the city centre. Not only is this transport useful for your staff who may need to commute, it also serves to bring more shoppers to your door.  

Coventry has four rail station

For a city relatively small in size, there are excellent rail links. Along with the main Coventry train station, there are three other local stations. You will find these in Canley, Coventry Arena and Tile Hill. To give an example of journey times, it takes around half an hour to reach the city centre from Canley and Tile Hill by train. From the central rail station, you can reach Birmingham Airport, Rugby and Leamington Spa in around 10 to 15 minutes. These quick journey times can help you to attract employees based in nearby towns. 

Coventry is on the West Coast Main Line. Trains on this line depart at London Euston and run through Coventry to Birmingham, making it easy to reach both major cities. 

There are well-connected bus and road networks around Coventr

As you would expect in any city, Coventry has an extensive bus network that is managed by Transport for West Midlands. Swift cards make it easy to pay as you travel, acting as both your ticket and payment method. The ease of this bus system helps to ensure the centre remains accessible to residents across the city.   

Coventry is located close to the M6, which makes it conveniently placed for travelling north to Manchester. To reach Birmingham, you can use the A45, which provides a direct link to the city. You can also easily reach Leicester by road using the M69. 

Coventry has all the amenities retailers need

Offices bring more shoppers to Coventry

There are large and modern office buildings dotted across the city. A number of these are located close to the rail station and cathedral and only a short walk from the two main shopping centres. If you are looking to open a deli, café or bakery, you could look for retail space towards the south and east of the city to take advantage of footfall from the office workers. 

You may also need office space for yourself, which can prove useful when managing the logistics of your business. Whether you need a large office for a team of recruits or just one or two desks for managers only, you will find suitable space in Coventry. There are a few co-working spaces too, which are ideal if you only need desk space for a small number of people a few days per week.   

If you are interested in renting office space in Coventry as well as a retail unit, read more about where you could base yourself here. 

Coventry is convenient for industrial space

Many retail businesses – especially large ones – need industrial space to house stock and other supplies. Coventry is well located for industrial space, thanks to its close proximity to Birmingham and the M6, which makes it an easy place for lorries to reach. The Axial Coventry Business Park to the south of the city provides a number of options, as does the Daimler Green area in the north. You will also find large units right by the M6 in the Keresley and Exhall areas, which are further from the city centre but convenient for road links if you need to send stock across the country. 

You can begin your search for industrial space here on Realla. Start by reading about the different areas and types of properties on offer here. 

Retail businesses can enjoy lots of afterwork treats in Coventry

A lot of regeneration has taken place in Coventry in recent years, and this has brought with it an array of entertainment spaces. You and your team can enjoy meals out and drinks in the streets near the cathedral, where you will find everything from Zizzi to Las Iguanas to The Botanist.  

Another plus-side of basing your retail business in Coventry is that there are a number of museums attracting families – people who could stop by your business during their visit. Coventry is home to the first digital art gallery, The Reel, as well as the famous Coventry Transport Museum and British Motor Museum. There is also an award-winning indoor water park called The Wave. To give you an idea on footfall, Coventry attracted 10 million visitors a year recently, and this number appears to be rising. Base your shop in the city and you could see more and more visitors shopping with you. 

Notable retailers and retail parks in Coventry

Along with the Lower Precinct and West Orchards retail centres we mentioned earlier, there are other shopping destinations on the outskirts of Coventry. One of these is Central Six Retail Park, which is home to TK Maxx, Home Sense, Next, Boots, Sports Direct and more. There is another park close to Warwick, called the Cannon Park Shopping Centre, which has a number of convenience-style stores like Wilko and Tesco. 

You will find a lot of the well-known high-street names in the city centre. These include: 

  • Debenhams 
  • M&S 
  • River Island 
  • Primark 
  • Argos 
  • Moss Bros 

If you would like to reach out to some commercial agents to help you find a retail property, the most notable agents in the area include: 

  • Loveitts Ltd
  • Savills
  • Bidwell Webber De Pons Ltd
  • GL Hearn Ltd
  • Holt Commercial

Facts about retail in Coventry

  • The Lower Precinct shopping centre in Coventry attracts around 200,000 visitors every week.  
  • Coventry Market has been named Britain’s favourite. It has been around since 1958 and continues to attract swathes of visitors every day it is open. 
  • 124 new places to eat and drink opened in Coventry in a single year. This fast-growing location is becoming an increasingly popular place to visit. 
  • IKEA opened its first city centre store in Coventry. 

Where to learn more

The retail sector is constantly evolving. Stay up to date with the most recent changes affecting the sector here on Realla. Along with our destination guides, we have insight pieces on everything from DE&I transformations and the evolution of industrial space in the UK.