Smart Approach in Retail Resilience
Lease length and occupancy
As at 30 September 2020
Average Lease Length (yrs)
Occupancy Rate (%)
To Expiry
To Break
EPRA Occupancy
Occupancy 1,2,3
West End
City
Offices
6.0
4.6
96.3
96.4
8.6
7.2
82.3
92.2
7.0
5.6
90.6
94.7
Retail Parks
6.4
5.0
93.8
96.1
Shopping Centre
6.1
4.8
93.0
94.3
Superstores
7.0
6.8
100.0
100.0
Department Stores
15.3
7.7
98.1
98.1
High Street
4.7
3.9
92.9
93.6
Leisure
14.0
13.7
96.2
96.9
Retail
6.8
5.4
93.7
95.5
Canada Water
4.7
4.6
98.1
98.6
Total
6.8
5.5
92.1
95.1
1 Space allocated to Storey is shown as occupied where there is a Storey tenant in place otherwise it is shown as vacant. Total occupancy would rise from 95.1% to 96.2% if Storey
space were assumed to be fully let.
2 Including accommodation under offer or subject to asset management
3 Where occupiers have entered administration or CVA but are still liable for rates, these are treated as occupied. Reflecting units currently occupied but expected to become
vacant, then the occupancy rate for Retail would reduce from 95.5% to 92.7%, and total occupancy would reduce from 95.1% to 93.7%
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