The data shows that
as of mid-June, 85% of shopping centre tenants were open and trading but
shopper numbers had not yet returned to anywhere near previous levels.
while shopper footfall was down 40% in shopping centres, retail parks have only
seen a 20% year-on-year drop in footfall, according to the data.
the main problems for shopping centres was access, said Nick Hilton, a partner
in Workman’s retail and leisure team.
number of shopping centres, yes you may be able to drive to them but you may be
parking in a multi-storey car park, which doesn’t necessarily have the same
sort of safety about it,” he said. “Retail parks are perhaps a more convenient
environment. The majority of visits are by car, they’re open-air and the retail
units are typically bigger with higher ceilings, so you feel inherently safer.”
said that another advantage retail parks had over shopping centres was
that many had continued to trade during lockdown as many of their tenants were
considered ‘essential’, whereas fashion-led retail destinations more commonly
found in shopping centres were only allowed to reopen from 15 June.
numbers in the wider retail market would only start to show signs of
significant improvement when people returned to the workplace en masse, added
minute, we are in a temporary situation with so many people at home and not
going into the office,” he adds. “I think by September time, when
schools go back and people’s lives form more of a regular routine, that
might be a key indicator for us to keep an eye on.”