June 2020
Market Snapshot – Commercial Property for Sale East Sussex
- The population of 560,000 people in Sussex East is one of the smallest in the UK, but still one of the fastest growing
- The market has more than 7 million square feet of retail space, which is roughly 13 square foot per capita, well below the national average
- Investment volumes picked up from last year’s decade low volumes of 2018, though they stayed well behind the historic average of the market
Key Indicators
Leasing – Commercial Real Estate for Rent East Sussex
- As elsewhere in the country, Sussex East’s retail market is one of polarising between better performing high streets and those struggling with a host of challenges the sector faces
- Sussex East retail market vacancies have been generally tight, trending below the national average over the course of this cycle
- With some large back filling of vacant units, the shopping centre subsector has seen the most activity in recent months
Vacancy Rate
Rent Analysis – Commercial Property for Rent Near Me East Sussex
- Growth of retail rents across Sussex East has generally outperformed the UK average for the current cycle
- The population of the county has expanded at a faster rate than the national average, with disposable income levels well above the UK average, leading to steady growth in retail sales and relatively fewer shop closures in recent years
- By submarket Eastbourne and Hastings have the highest rents, averaging around £25 per square feet and £24 per square feet respectively
Market Rent Growth (YOY)
Sales Analysis – Commercial Real Estate East Sussex
- From 2010-19 investors spent on retail assets an average of £35 million, compared to about £6 million in both the office and industrial sectors
- In 2019, the number of transactions recorded was at a four-year low, though investment volumes were up in 2018
Sales Overview Past 12 Months
Sales Comparables
Commercial Property for Sale Near Me East Sussex
Source: CoStar
Disclaimer: The information Blue Alpine supplies is for educational purposes only, to provide investors with an overview of information regarding investing in UK commercial and residential property. This information is not to be treated as advice; it is to be used as a reference point to further conduct your own research. Assumptions made in the analysis are not reflective of the position of any entity other than Blue Alpine’s – and, since we are critically-thinking human beings, these views are always subject to change, revision, and rethinking at any time. Please do not hold us to them in perpetuity. The authors and Blue Alpine are not to be held responsible for misuse, reuse, recycled and cited and/or uncited copies of content within this article by others.
