13/10/2021
"The JLL report shows that there are currently 40,000 vacant retail units across the UK and predict this number to double by 2026 (JLL, 2021). Vacant buildings are of no use to anyone so repurposing them appears to be the logical step."
We were quite blown away by the above statistic quoted in this recent RICS article, the last year has changed a lot of things but this is a huge factor.
Working from home isn't going to go away, so with these spaces we need to reimagine and fit the needs of consumers now, which are a very different set of needs to 18-24 months ago.
Interesting read💡
https://www.rics.org/uk/news-insight/latest-news/news-opinion/redundant-repurpose-rebound--is-it-time-to-reimagine-the-use-of-commercial-real-estate-space/