RICS beyond retail — how to reverse the negative trend on the high street
The Royal Institution of Chartered Surveyors (RICS) has published an information note entitled ‘High Streets — Beyond Retail’, which looks at the decline of retailing on the high street and in town centres and proposes possible solutions to help reverse the negative trend.
The aim of the information note is to provide guidance to surveyors on the key issues arising in high streets and town centres at a time when the demand for existing retail space in many centres is declining. The decline has implications not just for empty shop units, but also the health of the trading environment that occupied units rely on. The note seeks to guide surveyors on how they can respond to this challenging environment.
While the focus is on surveyors, the problem and its solution involve how the high street is planned, developed and managed. The considerations that arise are therefore relevant to a range of parties, from landlords and tenants to those involved in the areas of law and planning…
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