Around £450m was invested into retail properties in Glasgow last year, despite the cost-of-living crisis, low consumer confidence and hybrid working affecting city centre footfall.
Property analytics firm CoStar Group stated that this figure - an eight-year high - would likely have been higher, had it not been for rising interest rates and the UK Government’s ill-fated mini budget, which curtailed activity from September.
Robust investor appetite for retail warehouses, seen as a defensive play due to their often 'essential' and omni-channel tenant mix, drove volumes before the autumn slowdown.
