How much retail space do I need?
The retail landscape has changed significantly over the past few years. As shopping habits evolve, the type and size of stores on high streets, in shopping malls and in retail parks are adapting.
Cambridge is a historic university city in Cambridgeshire, which sits on the picturesque River Cam. Due to its high population of students and leading academics, it’s also a great place for businesses to base themselves, particularly those in the fields of education or research.
The UK’s retail industry is one of the UK’s largest in terms of size and value, generating 5% of its total GDP and employing around 9% of the nation’s workforce. Figures from 2018 show that there are 319,000 retail businesses operating in the UK, though it’s estimated that around 50,578 of the country’s retail units are lying vacant, showing that there’s plenty of retail space just waiting for fledgling businesses to snap up.
Harringay is an area of north London that sits in the southern corner of Haringey borough. It is in zone three and encompasses the vast green space of Finsbury Park and the fascinatingly uniform Green Lanes ladder area, which is Harringay’s residential and commercial centre.
You’ll find Dudley nestled within the West Midlands, just across from Birmingham and south of Wolverhampton. Its close proximity to the M5 makes it a great base for logistics firms. You can reach both Manchester in the north and Bristol in the south in around two hours from Dudley.
A typical person spends an average of 84,171 hours at work over the course of their career. And if you’re spending that many hours in a dull, cluttered office, it’s likely to make you feel uninspired and chaotic too. So, how can you apply queen of clean Marie Kondo’s approach to make sure that your office is sparking joy for you and your team? Here’s our guide to giving your office a Marie Kondo makeover.
Hackney was once east/central London’s industrial hub, with a huge number of manufacturing businesses based there. Now, though, the zone two borough is one of the coolest places to be based in London, thanks to its lively communities, rich variety of dining options and great places to let your hair down when the working day is done.
The city of Wakefield in West Yorkshire was once the battleground for the Wars of the Roses’ bloodiest battles but it’s now a key commercial area in the North West of England. After a tricky economic period, the city’s economy began to flourish once again in the 2000s-2010s, thanks to a number of regeneration projects including the Trinity Walk retail development.
Scotland is the UK’s most northerly territory and is a country in its own right that makes up the northern third of Great Britain’s main island. Though it became part of the UK in the early 18th century, Scotland has many distinct laws to the rest of the country and has its own parliament and government. Around 5.4 million people live in Scotland.
The cost of renting or buying retail space in the UK varies from city to city. As you might imagine, setting up shop in London will cost considerably more than in other areas, so it’s important you can justify the extra expense. When you look for average costs, most companies will advertise their spaces with a price per square foot or square metre. This means you can easily compare the cost of all your options to find the best deal for you.
Category C properties are a great opportunity for investors – as long as they are open to risk. They tend to be over 20 years old and located in unpopular areas, so there is plenty of room for improvement and growth. But to understand the benefits of a category C property, it is important to understand how the system works, first and foremost.
Cardiff is both the capital of Wales and its largest city, hosting the country’s National Assembly and most of its national cultural institutions. A hive of commercial activity, Cardiff accounts for around 20% of Wales’ GDP, which in 2007 was around £9 billion.
The Midlands has its fair share of historical buildings and sites of interest, which attract tourists from all over the world. From William Shakespeare’s home in Stratford-upon-Avon in the south-west to Lincoln Cathedral in the north-east, there are plenty of things to see and do.
Northampton is a large town in the Midlands to the east of Birmingham. Historically, the town has been a centre for leather and shoe manufacturing, but now serves as an important retail centre for the wider Northamptonshire area and northern Buckinghamshire.
The West Country might be better known for its rolling fields, endless varieties of cider and its stunning coastlines, but it’s also a buzzing business destination. From the media offices of Bristol to the spacious industrial units of Swindon to the leisure properties of Barnstaple, businesses of all varieties flourish in the West Country.
Finsbury Park is a Zone 2 area in North London with a distinctly urban feel. It is directly north of Highbury with Arsenal’s football ground, the Emirates Stadium, located just on the outskirts. At its centre lies the park it is named after. This 110-acre green space acts as a communal hub and is home to a boating lake, café and sports facilities, such as tennis courts, a skate park, running track and areas for ball games.