units in this market.
To contain the spread of the coronavirus (COVID-19), on March 23, 2020, a number of restrictions unfolded in the United Kingdom (UK). The population was urged to stay and work from home and many retailers deemed non-essential had to temporarily suspend their operations. The disruption of activity is a serious threat to the survival of businesses in the retail sector. This could have a knock-on effect on the commercial real estate sector. Nevertheless, more than 60 percent of the out-of-town retail and leisure real estate area was deemed essential and could potentially remain open. This was the equivalent of 31 percent of Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020
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Savills. (May 11, 2020). Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020 [Graph]. In Statista. Retrieved June 15, 2024, from https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/
Savills. "Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020 ." Chart. May 11, 2020. Statista. Accessed June 15, 2024. https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/
Savills. (2020). Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020 . Statista. Statista Inc.. Accessed: June 15, 2024. https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/
Savills. "Share of The Retail and Leisure Market That Is Deemed Essential following The Covid-19 Lockdown in The United Kingdom (Uk) from March 23 to May 11, 2020 ." Statista, Statista Inc., 11 May 2020, https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/
Savills, Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020 Statista, https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/ (last visited June 15, 2024)
Share of the retail and leisure market that is deemed essential following the COVID-19 lockdown in the United Kingdom (UK) from March 23 to May 11, 2020 [Graph], Savills, May 11, 2020. [Online]. Available: https://www.statista.com/statistics/1116536/share-of-essential-commercial-space-during-covid-19-coronavirus-lockdown-restrictions-united-kingdom/