A study carried out by property advisors Harper Dennis Hobbs has ranked shopping districts around Britain on ability to meet local needs, desirability, and vacancy rates.
The most desirable area this year is Cambridge, which has moved up the list from previous years rankings. Other areas taking the coveted top spots are centred around London, with 17 of the top 50 locations being within the capital.
The full top 10 list is as follows:
The locations with the highest scores are suggested as the best places for brands to target when considering opening new branches.
Jonathan De Mello, head of retail consultancy at Harper Dennis Hobbs, said: “Cambridge has seen more and more retailers move in and it’s very much on the radar. It’s on the Chinese tourist bus scene. There’s a demand for luxury retail there. It’s on the hit list now for many retailers.”
The worst retail area in Britain was named as Shields Road in Byker, Newcastle upon Tyne because of the high number of betting shops and money lenders, and the high rate of vacant retail space.
The bottom 10 areas in the list are:
Shields Road, Byker, Newcastle-upon-Tyne
Harrow Road, Paddington, London
Stretford, Greater Manchester
Walton Road, Liverpool
Burnt Oak, North London
Selly Oak, Birmingham
Shettleston Road, Glasgow
Many of the areas ranked at the bottom of the list represent the poorest areas in Britain and are located mainly in the north-west, north-east, and Scotland.