Lisa Evans

Exit Means Empty

By Lisa Evans at 00:00

As we wait with bated breath for Brexit and the imminent exit date, does the exit mean empty for Britain's Commercial Property Market? Investors are in decline leaving much of the UK Property Market, both residential properties, for Commercial Portfolios and Commercial Properties empty.

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When it comes to shopping it’s a thing I would contemplate including on my CV as a pastime. I love it whether it be online, on the high street you name it. There’s nothing better than wondering round one of the big department stores on your day off no kids bothering you no disgruntled partner just a coffee, my phone and my purse.

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So, we have reached the annual halfway point with many in the commercial property sector still waiting for something to happen; some sort of movement. Their request has been answered, albeit movement in the wrong direction!

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That's right on Friday 24th July we witnessed three evictions. With referendum votes counted Great Britain vacated the EU; Prime Minister David Cameron left Number 10 and Natalie bid farewell to the Big Brother house. It’s with no surprise that commercial property, amongst many things, will be affected by the referendum.

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Pop up retail units have been around for a while and are particularly popular in the U.S. They have started appearing more frequently in recent years - quite literally popping up throughout the UK, especially over seasonal trading periods. Recent statistics have found that the pop up retail unit industry generated a staggering £2.3 billion in turnover in 2015 for the UK alone – equating to 10,500 pop up shops and employing roughly 26,200 people. Although practical and effective as a retail unit – they also have several business advantages for tenants and landlords alike.

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