UK PRIME RENT AND YIELD | APRIL 2020

Market Report provided by CBRE
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Retail has initially been the sector to struggle most with the fallout of Covid-19. This has been clearly reflected in both rental and yield data this quarter. At the national level, All Shops prime rents decreased -1.0% in Q1 2020. Shops in the East Midlands reported the largest decrease at -7.4%.In contrast, Central London Shops decreased only 0.9%. Shopping Centre prime rents fell ‐1.5% over the quarter, while Retail Warehouse prime rents decreased ‐3.4%. Overall, All Shop average prime yields suffered an increase of 45bps in Q4 (4bps in Q4 2019). The North East was the region to report the greatest increase at 57bps. Shopping Centre prime yields moved out 53bps. Retail Warehouse prime yields rose 13bps over the quarter.

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