| Comment | Generally speaking, city cores across the developed world are undergoing a change from:
* Office and retail focus, with big name brands occupying large units.
To
* Denser residential population, with more immediate retail (groceries) and leisure and hospitality services (cafes, bars, restaurants) to serve this.
We're still at quite an early stage in the curve with this, hence the growing/changing pains. The city centre population has been significantly increasing in recent years, with the face of retail slowly changing to catch up.
In a few years it will settle. You'll for sure see less big box retail brands in the city centre. But you'll also see way less American Candy / tartan tat shops, as the money to be made from setting up cafes or convenience stores (which will have a high level of latent demand) will be too much to ignore. |
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