GLASGOW and Edinburgh have been revealed as two of the UK’s most resilient city centres for retail.
Analysis conducted by estate agency Knight Frank, found that Edinburgh had the most productive retail space of any major UK city, outside of London.
Edinburgh’s sales density was measured at £665 per square foot with Glasgow following close behind at £611 per sq. ft.
This was above the UK average of £329 per sq. ft.
Stephen Springham, head of retail research at Knight Frank, said: “The devil in the detail is that, in Scotland, our research suggests it is out-of-town where retail space is most over-supplied, rather than in city centres, and this is where change of use is most likely to follow.”
