Retail rents to drop by a fifth

Rents across the UK’s high streets and shopping centres are set to drop by almost a fifth between now and the end of next year, quashing hopes of a revival of the troubled retail property sector, an influential property report has forecast.

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See how rents across the UK’s high streets and shopping centres have changed since 2008 and which areas have seen the steepest falls

As struggling retailers demand cheaper deals from landlords desperate to keep properties occupied during the recession, rents are forecast to have dropped by about 11 per cent by the end of the year, according to the annual midsummer report on retail property from property consultancy Colliers CRE.