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About us Since 1987, Trevor Wood Associates has been trusted by the foremost participants in the UK's retail and leisure industry to inform their commercial property decisions. Founded by Trevor Wood, the business continues to be a leading independent provider of information, analytics and insight into retail and leisure schemes in the UK. "Trevor Wood's 'Definitive Guide' is the 'bible' for the Retail Warehouse property sector - easy to use and regularly referred to." Steve Perrett Cheetham & Mortimer With over 35 years of history and an unrivalled database, Trevor Wood Associates stands as a leading authority in the UK's out-of-town retail and leisure and shopping centre property market. Our extensive datasets cover over 13,000 current and proposed retail and leisure developments, providing in-depth insights accumulated over decades. In 2022, we unveiled our Definitive Guide insight platform , granting subscribers access to this substantial database online. Recognised as a trusted source of information in the retail industry, we disseminate our findings through regular publications, webinars, and contributions to industry journals. Our portfolio includes two annual authoritative guides: The Definitive Guide to Retail & Leisure Parks and Going Shopping - The Definitive Guide to Shopping Centres . These publications, based on our extensive dataset, offer comprehensive reviews of retail warehousing, retail parks, leisure schemes, shopping centres, and factory outlet developments nationwide. They provide valuable market information, including vacancy rates, tenant trends, leading regional players, property owners, and managing agents. The Definitive Guide to Retail & Leisure Parks is renowned for its authoritative analysis of 1,700 retail parks and leisure schemes, covering vital aspects such as vacancy rates, tenant dynamics, and property ownership hierarchies. And Going Shopping - The Definitive Guide to Shopping Centres serves as the go-to resource for shopping centre and factory outlet analysis, encompassing over 900 schemes. It includes comprehensive reviews of each shopping centre in the UK, recent changes, and a list of the top 500 shopping centres. All of our guides can now be accessed conveniently through our Definitive Guide platform , where you can explore our extensive insights, harness the power of our comprehensive database, and stay informed with the most authoritative resources in the UK retail and leisure property industry. Our clients include surveyors, developers, owners, retailers, and others from across the retail and property industries, consultancy firms and local government. Would you like to discuss our products further? Call us 01494 715846 Or let us call you Please give us some more information so we can help. First Name Last Name Email Message Send Thanks for submitting!

Managing Agent At Trevor Wood Associates we support you in your role beyond the day-to-day site management responsibilities in out of town retail and leisure and shopping centre sites. Our Definitive Guide insights platform is used as the basis for a range of additional research based services including commercialisation advice, rent comparisons and generating new leads through owners and retailers portfolios. In a market where details can change rapidly, having the market knowledge at your fingertips can prove invaluable. With our comprehensive independent Definitive Guide insights & data platform, we equip you with the data-driven tools to make informed decisions and help you build competitive advantage for you and your clients. How The Definitive Guide Platform Helps: Occupier discovery Lease co mparison Valuation Lead generation Find out more How we can help managing agents For over 35 years, Trevor Wood Associates has been the trusted partner for out of town retail & leisure and shopping centre managing agents in the UK. Our Definitive Guide data & insight platform and publications are used to support retailer and site analysis, occupier discovery, rent comparisons, valuations, and lead generation. Leveraging our extensive experience and longstanding data history, we provide deep data insights that our managing agent customers rely upon. Whether you're looking to help your clients consider lease terms on their site, consider potential occupiers, offer commercialisation advice to similar sites or even find that next site to manage. Our Definitive Guide platform can he lp to provide the data, analysis and insight to support your business goals. At Trevor Wood Associates, we are proud to be a leading firm with deep sector data and cutting-edge technology. Our commitment lies in providing comprehensive data and analysis that help generate actionable insights. With our vast experience spanning decades, we offer well-connected and in-depth data that empowers you to make informed decisions. Our tools enable market leading data interrogation, helping you achieve sustainable returns for years to come. Get in touch to see how our platform can help your business. Get in Touch Comprehensive datasets covering the UK With over 13,000+ UK out of town retail & leisure and schopping centre schemes (containing 80,000+ units) covered and a history spanning 35 years, our data is extensive. Our data starts at scheme name and covers address, postcode, GIA, year open, planning consent, car parking spaces, tenants and lease information. Together with details of ownership, management and letting agents along with contact names and links to property and agent websites. All in one highly searchable package. Discover more here

Search and analyse UK out of town retail & leisure and shopping centre property with our Definitive Guide platform For over 35 years, our Definitive Guide analysis & data has been trusted by the UK retail & leisure property industry to help make better decisions. Start my free trial Request demo Search our 13,000+ UK schemes & 80,000+ units Advanced map search with filters, regions, polygon distance and location tools allow you to refine your areas of interest. And when you are ready, save your searches and return to them later Review Schemes and Units in detail Dive into the detail of the schemes of interest to you. With over 80,000 units covered - understand Scheme specifics, tenants, unit schedules, agent and owner contacts and more... Analyse Out of Town Retail & Shopping Centres Go in depth into the market, analyse key trends and combine our data into the charts you need, from owners and letting agents to vacancy rates. Create Projects to manage your team and sites Add your locations to your own, projects and invite your team members to review and collaborate. Receive alerts when updates happen to your project’s sites Comprehensive datasets covering the UK With over 13,000+ UK out of town retail & leisure and schopping centre schemes (containing 80,000+ units) covered and a history spanning 35 years, our data is extensive. Our data starts at scheme name and covers address, postcode, GIA, year open, planning consent, car parking spaces, tenants and lease information. Together with details of ownership, management and letting agents along with contact names and links to property and agent websites. All in one highly searchable package. Discover more here

“Since the end of 2023, with even less development taking place but an increase in second-hand supply has meant the vacancy rate of Open A1 non-food units has risen to 5.8% from 5.5%. A further 3.1 million sq. ft. of space is currently under offer with another 632,000 sq. ft. earmarked for non-retail redevelopment, meaning the percentage of space actually available to let is as low as 3.5% .” Retail warehousing vacancy rates in the UK have risen, now at 5.4% at the end of Q3 2024 according to the latest research by Trevor Wood Associates (TWA), compared to 5.1% at Q2, 5.6% at Q1 2024 and 5.8% at Q4 2023. The major contributor to the increase in vacancy is Carpetright’s administration announcement on the 22nd July and subsequent closure. At the time their coverage included 214 units on retail warehousing schemes accounting for over 1,978,000 sq. ft. of floorspace, 172 part or whole units remain vacant accounting for over 1,626,000 sq. ft. of floorspace.   The Grocery sector continues to thrive on established parks or retail warehouse sites with Lidl opening 180,000 sq. ft. out of town while the food WAREHOUSE have added 152,000 sq. ft. and Farmfoods added over 159,000 sq. ft. of space to their portfolios. The usual suspects also continue to lead the way in taking vacant space, B & M have opened or have committed to open another 24 units and Home Bargains added another 339,000 sq.ft. to their portfolio. Pure Gym opened (or will open) another 252,000 sq. ft. and Sports Direct added another 6 units, Go Outdoors opened another 186,000 sq. ft. while Marks & Spencer and M & S Food Hall collectively added another 218,000 sq. ft. since the end of last year. The size of units and retailer requirements are also changing with over 444,000 sq. ft. of lettings in 2024 taken by retailers in units of 5,000 sq. ft. or below. We continue to see the rise of drive-thrus and drive-tos with Costa Coffee, Greggs, McDonald’s and Starbucks increasing their presence in the booming drive-thru market. After completing our analysis of the Q3 vacancy rate figure, Homebase announced their administration on the 13th November with 133 units on retail warehousing schemes accounting for over 4,598,000 sq. ft. of floorspace. The Range have committed to rescuing up to 70 of those units and Sainsbury’s have acquired 11 more with the possibility of a further 3 units which will help ease the impact of the administration. This may lead to a temporary spike in the vacancy figure but should be treated with caution as good quality retail warehousing space is in short supply and by the time we publish our Q4 figures in Spring next year it’s very likely a considerable amount of this space will already be let or under offer. Image credits: Nigel - stock.adobe.com

“ Since the end of 2023, with even less development taking place, second-hand supply has meant the vacancy rate of Open A1 non-food units has dropped to 5.5% from 6.0%. A further 2.8 million sq. ft. of space is currently under offer with another 691,000 sq. ft. earmarked for non-retail redevelopment, meaning the percentage of space actually available to let is as low as 3.3% .” ” Retail warehousing vacancy rates in the UK have once again fallen, now at 5.1% at the end of Q2 2024 according to the latest research by Trevor Wood Associates (TWA), compared to 5.8% at the turn of the year and 5.6% at Q1 2024.The major contributor to the significant fall in vacancy is retailers continuing to take advantage of the amount of second-hand supply made available by various administrations and CVA’s, so far in 2024 over 0.95 million sq. ft. of vacant space has been taken and 3.889 million sq. ft. in total has opened or is due to open this year. The Grocery sector continues to thrive on established parks or retail warehouse sites with Lidl opening 129,000 sq. ft. out of town while Iceland and the food WAREHOUSE have added 112,000 sq. ft. and Farmfoods added over 98,000 sq. ft. of space to their portfolios. The usual suspects also continue to lead the way in taking vacant space, B & M have opened or have committed to open another 20 units and Home Bargains added another 269,000 sq.ft. to their portfolio. Pure Gym opened (or will open) another 172,000 sq. ft. and Sports Direct added another 6 units while Marks & Spencer and M & S Food Hall collectively added another 177,000 sq. ft. since the end of last year. The size of units and retailer requirements are also changing with over 459,000 sq. ft. of lettings in 2024 taken by retailers in units of 5,000 sq. ft. or below. We continue to see the rise of drive-thrus and drive-tos with Costa Coffee, Greggs, McDonald’s and Starbucks increasing their presence in the booming drive-thru market. After completing our analysis of the Q2 vacancy rate figure, Carpetright announced their administration on the 22nd July with 214 units on retail warehousing schemes accounting for over 1,978,000 sq. ft. of floorspace. Tapi have rescued 48 of those units, totalling 430,000 sq. ft. which has helped ease the impact of the administration. However, the remaining vacant units have temporarily increased the vacancy rate to 5.9%. This figure should be treated with caution as good quality retail warehousing space is in short supply and by the time we publish our Q3 figures later this year it’s very likely a considerable amount of this space will already be let or under offer. Image credits: William - stock.adobe.com

Learn more from the highlights of our latest research. Navigating Through Change: Resilience and Recovery The landscape of the OOT market is showing promising signs of stability. In the face of shifting inflation rates, rising costs, and interest rate changes, resilience has been the industry’s hallmark. Our detailed review sheds light on this resilience, highlighting a sector poised for recovery. The rebasing of rents and prices marks a significant milestone, signalling a sector that’s ready to move forward. Embracing Opportunities Despite the challenges of 2023 in the retail sector, including CVAs and administrations, their impact on the OOT market has been notably less severe than in previous years, underlining the sector’s robustness and adaptive capabilities. Leading the Way: Key Players and Emerging Dynamics Investment Management: The ascendancy of American company Realty Income as a premier investment manager in retail warehousing signifies a shift in the major players investing in the sector. Retail Parks Leadership: Consistency at the top echelons, with Middlebrook Retail & Leisure Park and Castlepoint Shopping Park maintaining their premier positions as flagship destinations. Letting and Managing Agents: The continued dominance of Curson Sowerby Partners and Savills in their respective areas reinforces their positions as industry leaders. A Diverse Landscape: Regional Insights and Market Nuances: Our in-depth analysis extends to the unique market dynamics across the UK. Notably, some regional frontrunners in investment management carve their niche outside the national top twenty, highlighting the distinct characteristics of regional markets. Retailer Evolution and Market Adaptations: Adapting to Change: Retailers such as Wilko and Argos shed space.  Whilst the growth of entities like Pure Gym and Home Bargains signals other retailers are still taking advantage of available floorspace. Looking Ahead: Promising Prospects Vacancy Rates and Market Appeal: The downtrend in vacancy rates, now at 5.6% for Q1 2024. Development Pipeline: Despite a slight contraction in the pipeline for new schemes, the fruition of several projects in 2023 adds floorspace into the market. In Conclusion: A base to move ahead from Our 2024 edition of The Definitive Guide to Retail & Leisure Parks offers a deep dive into the sector's present state and potential future, serving as the industry resource to help you navigate out of town retail.  Your complimentary copy of the key findings is free to download and subscription options to our in-depth analysis and data can be found at www.definitiveguide.co.uk. Join us in this ongoing conversation. We appreciate all of your feedback and inquiries as we continue to lead the industry with our out-of-town retail and leisure coverage.