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Retail By City

NewcastleUnited Kingdom

City not ranked

City Overview

Newcastle’s in town retail offering is dominated by three distinct areas; The Eldon Square Shopping Centre, Northumberland Street and the more fashion focused Monument Mall/Grainger Street. The city has a broad range of national retailers including mass-market fashion operators whose requirements tend to focus solely on Northumberland Street and Eldon Square. Northumberland Street is notoriously difficult area to secure premises so Eldon Square has seen a higher turnover of activity in recent years. INTU extended the centre in 2008 and brought Hollister, Debenhams and Apple to the city. The £20 million refurbishment of Eldon Squares entrance and front mall environment is now complete.  The scheme is frequently criticised for its high occupational costs. In 2013 Hammerson completed the redevelopment of Monument Mall. This is a high street facing scheme to the south of Northumberland Street which is now owned by Aberdeen Standard. The development has helped cement this area as the dominant luxury/aspirational offer in the town. Grainger Street runs adjacent to Monument Mall and boasts Urban Outfitters, L’Occitane, Cath Kidston and Pretty Green as tenants. Rents in the centre of town were rebased in 2008 and have subsequently settled. Out of town, The Metro Centre dominates the retail landscape. This was the definitive out of town scheme, built in 1986 and set the blueprint for out of town shopping in the UK. It offers nearly 2m sq ft of retail space with excellent parking and transport links. The vast majority of retailers will trade in both central Newcastle and Metro Centre as they are very much two distinct centres. International retailers eyeing a UK expansion have tended to trade in central Newcastle first and Metro second with Chatime and Smashburger entering Eldon Square both entering late 2016. A lack of availability in Eldon Square has however seen Victoria’s Secret secure space in Metro Centre firstly. Rents here have dropped in recent years given the sheer scale of availability in both central Newcastle and the scheme itself as many retailers have scaled back expansion and been lost to administration.

Things to do

See

Work

Grey Street


Rest

The Sage holds a variety of events from art installations to live music, the building itself is worth seeing.


And be seen

Eat

Cafe 21 in Trinity Gardens has won a number of regional awards and is a firm favourite with the locals.


Drink

A drink down at the Quayside is popular with good reason with a wide selection of bars and restaurants or try the hidden cobbles of High Bridge with Pleased To Meet You.


Be Merry

Digital in Newcastle is legendary and is claimed to be the world's 12th best nightclub.


Other Cities in United Kingdom

Contact Us

JAMES FOX
Toronto Square
Toronto Street, Leeds, LS1 2HJ
+44 113 394 8885 | James.Fox@cbre.com