Demand booms for retail sites
05 January 2022
Rather than a rise in vacancy rates, Covid has led to a boom in demand for suitable retail dealership sites. New online entrants in the industry are still seeking a physical presence, not just as a sales base but for somewhere to prepare, store and repair vehicles.
The broader growth in home delivery is also generating record demand for industrial space, leading to higher rents.
Mark Frostick from property company Rapleys is also warning retailers that those who rent a workshop and have a review in their lease may face a significant increase in rates.
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