Average cost per square meter for building retail spaces in the UK 2016-2018

The most expensive retail spaces in the United Kingdom were found in London. Here, the average cost per square meter of internal space for a large shopping center was 2,096 British pounds. It was the only construction for retail purposes with a price tag higher than 2,000 British pounds, with costs having increased from 1,950 British pounds in 2016.
A comparison of different building construction projects within the country showed that London was always the most expensive region to build in, regardless of the project type.

Largest shopping centers in the UK

As of June 2018, Intu Metrocentre in Gateshead was the largest mall in the UK. The facility had a size of 190,000 square meters, ahead of another Intu operated shopping center, the Trafford Centre in Manchester.

The hottest streets

New Bond Street in London had the highest rental prices for retail space. In 2017, tenants had to pay an average of 16,200 euros per square meter. This was significantly more than the rental rate for the second entry, Covent Garden.

Average cost in square meter of internal space in the United Kingdom (UK) for building retail spaces in 2016 and 2018, by region

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Source

Release date

April 2018

Region

United Kingdom

Survey time period

2016 and 2018

Supplementary notes

Further details about which regions make up the figures for UK South, UK Central and UK North are unavailable.

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