Average costs per square meter for building retail spaces in UK 2022
The most expensive retail spaces in the United Kingdom (UK) were found in London. There, the average construction cost of internal space for a large shopping center was around 2,300 British in 2022. However, the retail construction costs in Manchester were not far behind. Our Statista dossier on construction costs in the UK provides deeper insight into the expenses that contractors need to face during their projects in London and the rest of the country.
Largest shopping centers in the UK
In 2021, Middlebrook Retail & Leisure Park and Castlepoint Shopping Centre were the largest retail parks in the UK. These facilities had a gross internal area of 640,000 square feet. In comparison, the size of Westfield shopping malls in London and Stratford City were less than half that size.
The hottest streets
The Bond and Oxford Streets, both located in London were the high streets in the UK with the lowest retail yields, which were under three percent as of 2022. However, the prime yields of high street retail in other European countries were lower than in the UK.
Largest shopping centers in the UK
In 2021, Middlebrook Retail & Leisure Park and Castlepoint Shopping Centre were the largest retail parks in the UK. These facilities had a gross internal area of 640,000 square feet. In comparison, the size of Westfield shopping malls in London and Stratford City were less than half that size.
The hottest streets
The Bond and Oxford Streets, both located in London were the high streets in the UK with the lowest retail yields, which were under three percent as of 2022. However, the prime yields of high street retail in other European countries were lower than in the UK.
