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Discount retailers help absorb supply of outlets nationalized
however, Aoife Brennan, Head of examine at Lisney, is pretty optimistic. "There was a rise in the number of enquiries as well as lettings completed and we believe this trend will continue in 2013, she says,/p>
Activity is often focused on prime units. Terms remain in favour of tenants and flexibility is the key. Popup shops are a feature of the market and are being used by many landlords to counter vacancies,/p>
Discount retailers continue to trade exceptionally well on the country and some, particularly the single pricepoint,[link widoczny dla zalogowanych], collection stores such as EuroGiant and Dealz, stop in expansion mode. Other growing sectors include coffee houses and eaterys, Many of which took new units in shopping centres and high streets around the country last year and will keep doing so in 2013,/p>
Lettings to fashion retailers were limited in 2012 and this is likely to remain the case temporarily. the best is the Bestseller Group, Which opened new units around the with brands such as Only,[link widoczny dla zalogowanych],/p>
Vero Moda, label It,[link widoczny dla zalogowanych], Vila and jack port Jones,/p>
In Dublin city hub, The opening of abercrombie Fitch on College Green is positive for the Grafton Street/Temple Bar area and will act as a draw for this system of the city in 2013, rather among younger consumers,/p>
The banking sector will join further this year with AIB,/p>
Bank of ireland and
Ulster Bank due to close branches. This follows the closure of the
countrywide Irish Bank branches. These closures will provide likelihood for retailers seeking space. having said that, Future rents for many of these buildings would be determined by how conducive they are to conversion to retailing,/p>
Retail vacancy for prime units around the country remained relatively stable, Or improved slightly during 12 months,/p>
Lisney tracks occupancy levels in Dublin and Cork and Ms Brennan says that Category 1 shops streets in Dublin city centre saw overall vacancy level reach 11.9pc approximately of September. within the, Some less prime streets had vacancy rates up to 24pc,/p>
In those Dublin shopping centres with over 5,000 sqm, Of storage space, The average vacancy rate was 15.7pc with individual centres among zero vacancy up to 35pc. Two had even higher vacancy rates but that may be because were earmarked for redevelopment,/p>
In Cork it's the exact story. full city centre rate was 12.3pc afterwards of 2012, but the truth is, Some streets had rates in the high teens/early 20s while others were as low as 6pc,/p>
She has calculated that the quantum of retail accommodation has remained relatively static a lot and will not change in the shortterm. The only new shopping centre space due already in the market this year is an extension to Ballincollig Shopping Centre in Cork,/p>
the fact is, uncover examples where up to 1,000 sqm of space agencies 1,000 Irish of us,[link widoczny dla zalogowanych], seriously in some towns where new centres were built after 2000. These areas continue to struggle and landlords are competing aggressively for tenants and getting into flexible lettings, Many of occur to be on a turnover basis,/p>
We expect the market to rectify in 2013. While stores will continue to close, the number will be less. The trading setting should improve, Which will lead to a rise in demand for stores. Discounters will continue to expand and drive the market,/p>
With many overseas multiples checking their websites to Irish consumers, 'bricks and clicks' will become a bigger part of the market and will lead to further erosion of physical shops' share of the market,/p>
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