You reported last week that footfall had returned to the high streets with independent produce stores and fast-growing online brands having an ever-growing presence on the high street (“Time to reinvent and revive UK shopping streets”).
Attendance has also increased due to the return of office workers. Areas such as Soho and Mayfair in London have once again become hives of activity, positively affecting local businesses such as cafes, restaurants and dry cleaners that depend on office workers for regular income.
Our premises in central London are currently operating at over 95% occupancy, an increase from around 75% occupancy in the first year of the pandemic.
Masterplans that include the adaptive reuse of historic and listed buildings in London’s neighborhoods are essential for the regeneration of our city centres. It is much more sustainable to repurpose a building than to tear it down and start over. But it is important that buildings are flexible and adaptable, so that the renovation is future-proof, especially in terms of M&E.
The success of our neighborhoods also lies in creating true mixed-use main streets that combine commercial and residential real estate with recreation, arts and culture – creating destinations that will attract more people and businesses to the area. , helping neighborhoods thrive over the long term. term.
It is essential that landowners, lessors, commercial occupiers and residents work collectively and creatively to provide a long-term and sustainable vision for our main streets, so that people can live and work in the same neighborhood and that the heritage and history of our major cities are preserved.
Edward Griffin, Managing Director, WorkPad