This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.


The latest news and events at Maples Teesdale

| less than a minute read

Fake news alert - Oxford Street might actually not be dead and made up entirely of sweet and souvenir shops

Interesting article that highlights the resurgence of the “nation's shopping street” partly with the return of HMV, and partly by explaining that hoardings might just be the chrysalis from which something beautiful will emerge - it's just that there can be a significant lag between a retailer (i) acquiring a lease and (ii) having fitted out and being ready to trade (and negotiating the documents can take a while too, says the lawyer). 

The article quotes vacancy rates for east Oxford Street as having fallen from 16% in Q2 2023 to an expected 1.1% by the end of this year; west Oxford Street has dropped from 15% in the last quarter to 9.4% now, and are expected to go down to 3.6% by Q3 2024.

If only Oxford Street were a bellwether for the nation's retail market…

Covid hit the street hard and, if you believe everything you read in some of our less expert media, the street is now full of candy stores and tacky souvenir shops. The truth, of course, is quite different.


charles elgood, commercial real estate, retail, high street, oxford street, shopping, shopping trends