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Jones Lang LaSalle recently estimated that 50% of retail leases are to expire by 2015. Retailers will be able to pick and choose whether they want to stay or go and, in a market with high vacancies, will be able to demand extremely favourable terms from their landlords. Landlords may then have little choice but to concede to the demands or face a vacant unit. However there are those who are suggesting that the future for the High Street does not necessarily lie in retail. With a huge increase in online shopping the call is for shopping areas with an experience, catering for cafes, events and for things you cannot or prefer not to do online or even conversion to residential use. If vacancies are to increase landlords may be faced with little alternative but to look for a non-retail use. The question is, following the Mary Portas’ review, how will the government help?
Break rights have proved a fertile source of litigation over the last few years. Courts have consistently required strict compliance with the terms of those rights.
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Judgement has been handed down for the seminal case of Cardtronics UK Ltd and others (Respondents) v Sykes and others (Valuation Officers) (Appellants) [2020] UKSC 21.
Following an MP debate on 5 November 2019, the government is due to release long-awaited guidance as to how it intends to protect workers in the retail industry against violence, harassment and abuse.
Some commentators had anticipated that persisting retail sector challenges might disrupt more than the make-up of the high street or commercial property negotiations between landlords and tenants.
Legal Director
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