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Retail By City

London - CentralUnited Kingdom

city rank #1

City Overview

London is one of the world’s leading retail destinations. The scale and diversity of its retail offering ensures that its catchment is truly international. Oxford Circus would be considered the epicentre of London’s retailing and Oxford Street, which runs west to east across London’s heart, is undoubtedly the benchmark of UK retailing. Branching out from Oxford Street is a network of retail locations, each with its own identity, attributes and consumer appeal. Regent Street is a showcase of international flagship brands. Bond Street and Sloane Street remain the sought-after locations for luxury brands, and rents have continued to rise markedly on these streets. Regent Street meets Piccadilly Circus at its southern end, which in turn leads to Leicester Square and the fringes of Covent Garden. Youth culture and luxury “fashion forward” brands dominate Covent Garden. Distributed around London are also pockets of neighbourhood retailing, including Carnaby Street for young fashion and the up and coming Marylebone High Street. Other important submarkets include Mount Street for luxury goods and restaurants. To the west are Knightsbridge, home to Harrods and Harvey Nichols department stores; Sloane Street, home to luxury goods; and the King’s Road which has moved on from its heyday in the 1960s to a mainstream fashion destination. These areas draw heavily on tourists and visitors but also the local, affluent population. To the east is the Central Business District; the true City of London which now has its own shopping centre, One New Change, and seven-day trading. On the edge of the city lie Spitalfields and Shoreditch, unique and popular weekend destinations for the fashion-forward youth market. Canary Wharf retail continues to expand with the jubilee line extension and future Crossrail station. The regeneration of Kings Cross is drawing visitors with its eclectic mix of retail and restaurants. Developments in the pipeline include the regeneration of Battersea Power Station and the redevelopment of Oxford Street East/Tottenham Court Road. There are few enclosed shopping centres of note in central London but the opening of Westfield London is an exception. It has successfully combined mid-market and luxury retailing in an exceptional environment close to the wealthy neighbourhoods of Notting Hill and Westbourne Grove. Construction has commenced on a 720,000 sq ft extension to the centre and this will be anchored by a 230,000 sq ft John Lewis store The 1.9 million sq ft Westfield Stratford shopping centre opened in 2011, benefiting from excellent transport links (20 minutes from central London), and a full range of UK and international retailers.

Things to do

See

Work

Selfridges, Marylebone High Street and Regent Street


Rest

Natural History Museum, Tate Modern, Portobello Road Market, Camden Market, Shoreditch, Spitalfields Market


And be seen

Eat

Palomar Fischer's Burger  Lobster Beast


Drink

Ham Yard Hotel Chiltern Firehouse


Be Merry

City Social Q Grill


Other Cities in United Kingdom

Contact Us

STEVEN STEDMAN
Henrietta House
Henrietta Place
+44 20 7182 2712 | steven.stedman@cbre.com