City Centre Real Estate Markets. Changing retail practice and adaptation (WPC Policy Brief)

Lawson, V., Orr, A. , Gardner, A. and Stewart, J. (2022) City Centre Real Estate Markets. Changing retail practice and adaptation (WPC Policy Brief). Other. University of Glasgow, Glasgow.

Abstract

While the unprecedented structural changes faced by the UK retailing industry have made for headline news, little attention has been given to the implications for property owners. This is despite the pivotal role they play in providing retailing and other city centre space. Owners are facing a challenging future in which they must respond concurrently to the needs of retailers and shoppers, as well as society more widely. This often involves changes in the use of their properties and to the ways they manage their as- sets. This Policy Brief is a summary of a study which examined the interrelationships between changes in prop- erty use, real estate practices and localised patterns of urban development. The study formed part of a wider retail research project1 conducted across the retailing cores of five regionally significant cities (Edinburgh, Glasgow, Hull, Liverpool and Nottingham). The wider project aimed to better understand the adaptive capacity and resilience of city centres. The study’s findings are intended to support policymakers charged with managing urban centres, proper- ty owners, and property management professionals by making six recommendations.

• Item Type: Research Reports or Papers (Other)
• Status: Published
• Glasgow Author(s) Enlighten ID: Gardner, Dr Alan and Lawson, Ms Victoria and Stewart, Dr Joanna and Orr, Dr Allison
• Authors: Lawson, V., Orr, A., Gardner, A., and Stewart, J.
• Subjects: H Social Sciences > H Social Sciences (General)
• College/School: College of Social Sciences > School of Social and Political Sciences > Urban Studies
• Publisher: University of Glasgow
• Published Online: 30 June 2022
• Copyright Holders: Copyright © 2022 The Authors
• Publisher Policy: Reproduced with the permission of the authors

Project Code	Award No	Project Name	Principal Investigator	Funder's Name	Funder Ref	Lead Dept
300058		Real Estates Adaptation and Innovation within an Integrated Retailing System	Allison Orr	Economic and Social Research Council (ESRC)	ES/R005117/1	S&PS - Urban Studies