According to research published by the Local Data Company, despite the current economic climate in the United Kingdom, London actually witnessed more shops open in 2012.
(1888PressRelease) March 02, 2013 - The popularity of London's commercial property is reflected in the demand for high quality retail space. Whilst London's more affluent areas such as Bond Street are currently experiencing the highest rents in Europe, the surrounding areas like Shoreditch and Angel are proving increasingly popular for retailers. The demand for high quality retail space is proliferating throughout the capital, as more and more businesses are looking away from Central London and across the whole of the UK to find the right property.
As a result of the high rents in Central London, Pearl & Coutts are witnessing an increasing number of retailers searching for premises in other parts of the capital such as Islington, Shoreditch, and Clerkenwell. A spokesperson for Pearl & Coutts commented saying:
'It is likely that high profile areas such as the West End will always see growth over the long term; however we're currently receiving interest in our premises located across the capital. Businesses will be looking to take advantage of the more reasonably priced rents, and so we can anticipate greater retail growth in 2013. As confidence in retail continues to grow, we're certain to see more new shop openings sprouting up in and around London - and not just from high end luxury brands.'
London often acts as an indicator for the UK retail market, so seeing the number of shops open in 2012 is a significant demonstration of consumer confidence. As confidence grows it should spread and flourish throughout the whole of the UK. There are great opportunities up and down the UK to open shops and take advantage of available retail space.
For commercial property enquiries, contact Pearl & Coutts on 0207 8433753. The current selection of commercial premises including shops to let is frequently updated on their website.
According to research published by the Local Data Company, despite the current economic climate in the United Kingdom, London actually witnessed more shops open in 2012. 
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