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DTZ forecasts Bristol retail boom

Bristol is facing occupier demand for up to 2.6m sq ft of non-food retail space by 2026, according to a DTZ report.


Retail spending in the city is also forecast to rise from £1.3bn annually to more than £3.6bn during the next 20 years.


The Bristol Citywide Retail Study commissioned by the city council credits the new Cabot Circus scheme in the city centre, being completed by developer Bristol Alliance, for much of the predicted economic growth.


Cabot Circus


But the report is downbeat about the future of food retailing, arguing there will be no significant citywide development of new supermarkets or food stores beyond those already in the pipeline until after 2021.


In all, only an extra 7,700 sq ft to 1,7222 sq ft of food shopping space will be needed between 2021 and 2026, it states.


DTZ described the vast majority of shopping centres and parades in Bristol as healthy but warns others are at risk or under performing.


It calls for the redevelopment of Filwood Broadway as part of the wider master planning for South Bristol and Knowle West and better integration of Old Market with the city centre.


Mark Bradshaw, the council’s executive member for access and environment, said: “I now want to explore how the council can support neighbourhood retailing through its policies and interventions.


“I will be meeting with the Bristol Retail Forum to discuss the report and next steps.”


neil.jones@btconnect.com


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