The Impact of E-commerce on Retail Real Estate in the U.K

Tim Dixon and Andrew Marston

Journal of Real Estate Portfolio Management, 2002, vol. 8, issue 2, 153-174

Abstract: Executive Summary. This article summarizes the main research findings from the first of a series of annual surveys conducted for the British Council of Shopping Centres. The study examines the changing pattern of retailing in the United Kingdom and provides an overview of key research from previous studies in both the U.K. and the United States. The main findings are then presented, including an examination of the impact of e-commerce on sales and rental values and on the future space and ownership / leasing requirements of U.K. retailers for 2000-2005. The impact on a shopping center in a case study town in the U.K. is also considered. The difficulties of isolating the impact of e-commerce from other forces for change in retailing are highlighted. In contrast to other viewpoints, the results show that e-commerce will not mean the death of conventional store-based U.K. retailing, although further benchmark research is needed.

Date: 2002
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DOI: 10.1080/10835547.2002.12089660

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