Reply to post: Re: News just in...

Nearly a million retail jobs will be destroyed by the march of tech, warns trade body

Warm Braw Silver badge

Re: News just in...

It's kind of odd that it should be cheaper to have stuff delivered individually compared to the cost of picking it up from a central distribution point (aka "shop"). One of the reasons is the absurdly high rents (and indeed rates) on commercial premises that date back to the boom years of credit-fuelled retail expansion.

Lack of demand is gradually depressing rents for retail property and it will likely eventually fall to a level where shops are potentially more viable - provided any of them still exist at that point. I'm not sure it's in any of our best interests to have major transport hubs (city and town centres) surrounded by empty property and tumbleweed because the investment property market couldn't or wouldn't adjust to changes in economics.

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