Retail Key Facts

Here are a few more reasons for you to choose Nottingham either as a first choice, or an additional location to your portfolio.

• The City Centre ranks 5th in the UK and has a total of 1,164 retail outlets of which 46% is comparison goods shopping. (Source: Experian)
• There are 57 key retailers in the city, defined by Experian as having a high draw to shoppers
• Annual retail spend is placed at over £1.8 billion, positing the city 5th in terms of comparison shopping expenditures in the UK. (Source: CACI)
• Nottingham is the East Midland premier destination performing well ahead of Derby, Northampton and Lincoln whose combined comparison expenditure is 80% of that of Nottingham
• Nottingham has a current floor space of 2.8 million sq ft which is set to rocket by a further one million square feet, with the construction of new and extension of existing retail spaces
• Over £500 million pounds is being invested into retail development in Nottingham
• In terms of our key consumer groups, the highest spending age group is the 35-44 age range and the fastest growing consumer group is over 55
• The City's average weekly footfall is between 800,000 -1,200,000 and an average 25M visitors are attracted annually to Nottingham for its cultural, leisure and retail offer
• Nottingham has a mixed and varied property offer ranging from beautifully renovated Georgian town houses to purpose built cutting edge units, all centrally located
• The City Centre has benefited from substantial investment in integrated transport and public realm projects, significantly improving the City Centre retail sector and visitor experience
• The prime retail rent for Nottingham has reduced inline with its competitor cities and is now £225 per sq ft