Glasgow is the UK’s 2nd largest retail centre by spend and achieves the 2nd highest prime rent in the UK. It is an exciting and extensive retail destination for shoppers and continues to attract new lettings within the core retail areas of the city centre. The market is competitive on prime Buchanan Street, delivering strong demand for prime retail space. In the last 12 months, the most expensive Zone A rate has risen by 4.8% from £314 per sq ft to £329 per sq ft.
Glasgow’s three city centre shopping malls – Buchanan Galleries, St Enoch and Princes Square – have extension plans underway to develop cinemas, additional retail and extensive food and beverage options.
Footfall figures recorded on four key locations on the Style Mile collectively amounted to just under 50 million people in 2018.
|Download the Retail Prospectus for more information on Glasgow’s shopping and retail sector.|