The best-performing parades are evolving, replacing traditional shops with cafés, wellness spaces, and experiential services. The worst are still struggling, with empty units and little footfall.

In short, secondary retail in London isn’t booming, but it’s not dead. It’s going through a transition phase, and we expect the winners to be those who adapt fastest.

“Having recently joined the Terracotta team, following a relocation from the east coast of Australia, adjustments are aplenty, from colder weather and (arguably) far better pubs.”  

Hugh Innes MRICS remarks on the transition and some key differences with RICS Valuations between the two countries. Hugh is a welcomed addition to our valuations team bringing with him a wealth of experience across various sectors and geographical territories!