The Exchange shopping centre in Nottingham

Retail Key Facts

Nottingham has a range of retail opportunities. Here are a few more reasons for you to choose Nottingham either as a first choice, or an additional retail location to your portfolio.

  • The City Centre ranks 5th in the UK and has a total of 1,164 retail outlets of which 46% is comparison goods shopping. (Source: Experian)
  • There are 57 key retailers in the city, defined by Experian as having a high draw to shoppers
  • Annual retail spend is placed at over £1.8 billion, positing the city 5th in terms of comparison shopping expenditures in the UK. (Source: CACI)
  • Nottingham is the East Midland premier location performing well ahead of Derby, Northampton and Lincoln whose combined comparison expenditure is 80% of that of Nottingham
  • Nottingham has a current floor space of 2.8 million sq ft which is set to rocket by a further one million square feet, with the construction of new and extension of existing retail spaces
  • Over £500 million pounds is being invested into retail development & investment in Nottingham to further increase the wealth of retail opportunities in the city
  • In terms of our key consumer groups, the highest spending age group is the 35-44 age range and the fastest growing consumer group is over 55
  • The City's average weekly footfall is between 800,000 -1,200,000 and an average 25M visitors are attracted annually to Nottingham for its cultural, leisure and retail offer
  • Nottingham has a mixed and varied property offer with opportunities ranging from beautifully renovated Georgian town houses to purpose built cutting edge units, all centrally located
  • The City Centre has benefited from substantial investment in integrated transport and public realm projects, significantly improving the City Centre retail sector and visitor experience
  • The prime retail rent for Nottingham has reduced inline with its competitor cities and is now £225 per sq ft making Nottingham a key retail location
  • Nottingham has a large fashion aware student population - providing a suitable market for any FMCG or Mass franchise opportunity