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Rental Values in UK Shopping Malls

Tony Shun-TeYuo (), Colin Lizieri, Phillip McCann () and Neil Crosby ()
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Tony Shun-TeYuo: Department of Real Estate and Built Environment, National Taipei University, 151 University Road, San Shia, Taipei, 237'41, Taiwan
Phillip McCann: The Faculty of Spatial Sciences, University of Groningen, Postbus 800 Groningen, 9700 AV, The Netherlands
Neil Crosby: The Henley Business School, University of Reading, Whiteknights, Reading, RG6 6AW, UK.

Urban Studies, 2011, vol. 48, issue 8, 1667-1679

Abstract: This paper employs a unique dataset to analyse the retail rental levels of 1108 retail tenants in 148 UK regional shopping malls. The dataset integrates information regarding the characteristics of the shopping centre, the individual retailer, the brand, the individual unit occupied, the tenancy term and the regional location of the centre. Econometric analysis suggests that retail rents behave largely as predicted by theory although there are particular features of the UK rental market which maybe somewhat distinct from other countries.

Date: 2011
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