A research produced by
Just over 460,000 sq m of GLA came onto the market in 2012, which was 20% more than in 2011. 90% of this new space related to six shopping centres that are classified as either “Large” or “Very large”, and this caused the average figure for new space to shoot up. The amount of new space in the pipeline over the next two years stands at just over 600,000 sq m. These are just initial estimates, as the number of new projects that will come on to the market will depend on changes in the economic climate and the availability of finance.
Source : Savills
