Blog

CBRE highlights growth in convenience stores

November 28th, 2014 Category: Commercial

A growing number of convenience shops are springing up in the UK, according to new findings.

A report published by CBRE, property consultants, revealed that the increase has been partly driven by the popularity of budget stores such as Aldi and Lidl.

According to the CBRE, big high-street chains such as Tesco, Sainsbury's, Asda and Morrisons have played a major role in boosting the number of convenience shops.

Aldi and Lidl have also been responsible for opening a large number of new outlets in the UK. Both brands have maintained a steady growth in market share for many years.

The statistics showed that their store numbers have jumped by more than 300 per cent since 1998.

Speaking about the findings, Chris Keen, director of Supermarket Landlord Advisory at the CBRE, said: "We expect the big four’s current trading difficulties to suppress demand for large grocery superstores in the short term, but demand pressures for small-format stores look unlikely to be affected. Sainsbury’s, M&S Simply Food, Waitrose, Asda, Aldi and Lidl all remain on the expansion trail for small stores.”

Although many shops face growing competition from retailers that operate exclusively online, the research suggests that it has actually served to encourage repetitive top-up shopping and fuelled optimism among businesses.

As a result, there has been a high number of commercial shopping centres popping up across the UK.

The rise in residential housing has also help to drive growth in the number of convenience stores.

Mr Keen added: "The government’s ambitious plans for new towns and enlarged suburbs will further boost grocery space demand. And competition from grocers will push rents in catchments with growing populations."

Naturally, the growth in the number of convenience stores will increase the demand for commercial cleaning services in the UK.

The presentation of a store is incredibly important when it comes to making a good first impression and so shop owners will need to ensure that they arrange regular cleaning schedules in order to keep in top condition.

Tags: