1、Reimagining empty retail space: transforming UK towns and cities for future communities Contents The changing retail environment 2.1 What has contributed to an oversupply of retail space in the UK? 2.2 The role of planners in the use of retail space 2.3 What are the retail challenges facing the prop
2、erty industry and communities? 2.4 Challenges and opportunities for planners in repurposing retail space Reimagining the role of retail space 4.1 Repurposing retail spaces learnings from international case studies 4.2 Reimagining retail space in the future guiding principles for planners Introductio
3、n Conclusion The economic and social benefits of repurposing retail space 3.1 The property sector plays a key role in community wellbeing 3.2 What are developers doing to improve the socioeconomic outcomes of local areas? How does this translate to the UK? 02 0504 01 06 03 3 4 Executive summary 1. T
4、his report sets out how unused retail space in the UKs high streets and town centres can be repurposed to create vibrant, aspirational and connected communities, based on international best practice examples. It outlines how local authorities and planners can work with developers to reimagine the ro
5、le of retail space in line with existing UK policy frameworks. 2. The retail sector is going through the biggest upheaval it has seen since the 2008 financial crash, with retailers consolidating their portfolios to reduce store numbers as the growth of online shopping continues to rise. This, combin
6、ed with weakening consumer confidence and increases in business rates, has resulted in an estimated 25% oversupply of retail space in the UK.1 3. This report focuses on the high street and town centres and showcases inspiring and transformative developments that actively demonstrate the economic and