|
29: RETAILING
EDINBURGH | LOTHIAN | SCOTLAND
| EDINBURGH |
sources
/ notes |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
| Retail rentals |
|
|
|
|
|
|
|
|
|
|
| Edinburgh City Centre |
(*1) |
£225 |
£240 |
£220 |
£220 |
£220 |
£220 |
£220 |
£220 |
£ / sq.ft. |
| .. relative to average for major UK |
(*2) |
0.92 |
0.93 |
0.89 |
0.89 |
0.88 |
0.84 |
0.83 |
0.81 |
|
| regional city centres |
|
|
|
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|
|
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|
|
|
|
| Retail rental growth |
|
|
|
|
|
|
|
|
|
|
| Edinburgh City Centre |
(*1) |
0.00% |
6.70% |
-8.30% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
| .. relative to average for Scottish cities |
|
0.27 |
0.75 |
|
|
|
|
|
|
|
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|
|
| Shopping centre investment yields |
(*3) |
|
|
|
|
|
|
|
|
|
| .. Princes Street |
|
4.75% |
5.00% |
5.50% |
5.25% |
5.25% |
4.75% |
4.65% |
4.50% |
|
| .. Gyle |
|
5.50% |
5.50% |
5.75% |
5.50% |
5.50% |
5.50% |
5.50% |
4.50% |
|
| .. Cameron Toll |
|
6.75% |
6.75% |
6.75% |
6.50% |
6.50% |
6.50% |
6.25% |
5.25% |
|
|
|
|
|
|
|
|
|
|
|
|
| City centre yield relative to average |
(*4) |
0.99 |
1.03 |
1.1 |
1.03 |
1.04 |
0.94 |
0.98 |
1.02 |
|
| for major UK regional city centres |
|
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| Edinburgh's ranking as a shopping centre : |
|
|
|
|
|
|
|
|
|
|
| (1) In-town retail rentals (Colliers ..) |
(*5) |
15 |
14 |
22 |
25 |
27 |
27 |
28 |
28 |
|
| (2) Retail range & quality (Experian/Goad) |
(*6) |
12 |
12 |
12 |
14 |
16 |
n/a |
n/a |
n/a |
|
| (3) Retail hierarchy (Mgt. Horizons) |
(*7) |
|
6 |
|
3 |
|
|
|
|
|
| (4) Retailer requirements (Focus) |
(*8) |
9 |
12 |
10 |
10 |
7 |
9 |
14 |
25 |
|
| (5) Retail prospects (Bus. Strat.) |
(*9) |
28 |
21 |
|
|
|
|
|
|
|
| (6) Retailer assessment (Ger. Eve) |
(*10) |
|
|
|
7 |
9 |
|
|
|
|
| (7) Retail market potential (CACI) |
(*11) |
10 |
|
|
|
25 |
26 |
25 |
24 |
|
| (8) Retail fashionability (Javelin) |
(*12) |
|
|
|
|
5 |
7 |
3 |
|
|
|
|
|
|
|
|
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|
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| Retailer requirements (in-town) |
(*13) |
|
|
|
|
|
|
|
|
|
| Number of retailers looking for site |
|
106 |
107 |
136 |
112 |
108 |
117 |
117 |
117 |
|
| Total floorspace requirement |
|
48,823 |
54,909 |
68,084 |
68,867 |
67,722 |
68,407 |
106,536 |
78,589 |
sq.m. gross |
|
|
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|
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| Development pipeline |
|
|
|
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| Major new applications (floorspace) |
(*14) |
31,000 |
35,000 |
40,000 |
39,000 |
60,000 |
|
|
|
sq.m. gross |
| Major consents (floorspace) |
(*15) |
25,000 |
24,000 |
21,000 |
14,000 |
36,000 |
|
|
|
sq.m. gross |
| Major completions (floorspace) |
(*15) |
31,000 |
25,000 |
34,000 |
26,000 |
7,000 |
|
|
|
sq.m. gross |
This table has been truncated to fit the page. To view the table in full, please Click Here.
| SCOTLAND |
sources
/ notes |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
| Retail rentals |
|
|
|
|
|
|
|
|
|
|
| Average for Edinburgh , Glasgow, |
(*1) |
£161 |
£164 |
£172 |
|
£177 |
£181 |
£184 |
£189 |
£ / sq.ft. |
| Aberdeen & Dundee |
|
|
|
|
|
|
|
|
|
|
| Average rental growth for Edin, |
|
7.30% |
1.90% |
4.80% |
|
|
2.10% |
1.90% |
2.60% |
|
| Glasgow, Aberdeen & Dundee |
|
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| Development pipeline |
(*2) |
|
|
|
|
|
|
|
|
|
| Major new applications (floorspace) |
|
363,000 |
565,000 |
495,000 |
562,000 |
623,000 |
|
|
|
sq.m. gross |
| Major consents (floorspace) |
|
508,000 |
325,000 |
227,000 |
377,000 |
470,000 |
|
|
|
sq.m. gross |
This table has been truncated to fit the page. To view the table in full, please Click Here.
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