Retail
Sprucefield Shopping Centre is Northern Ireland’s only designated regional shopping centre, attracting visitors from both north and south of the border and with plans for future growth that would increase the opportunities to encourage additional short breaks in the area. Lisburn Castlereagh boasts a strong retail market with Bow Street Mall, located in the heart of Lisburn city centre and Forestside Shopping Centre, a 304,000 sq ft standalone shopping mall accompanying a prime location south east of Northern Ireland's Capital City and attracting over 5.2m visitors per annum.
In general, letting evidence would suggest that Lisburn city centre is experiencing increased success in recent years. Letting transactions have increased in areas including Lisburn City Centre with a number of new entrants providing restaurant and eateries/café uses.
New entrants including Little Wing, Bob and Bert’s and Greggs provide multiple occupier presence in the city centre including in the stylish and cosmopolitan Lisburn Square.
Retail 2017 Averages
| Area | Prime rent (local) £sq ft/pa | Prime Yield (Local convention) % |
|---|---|---|
| Lisburn Castlereagh | £45 | 6.00% |
| Belfast | £150 | 5.75% |
| London | £2,225 | 5.75% |
| Manchester | £290 | 4.25% |
| Birmingham | £325 | 5.00% |
| Dublin | €6,300 | 3.15% |
| Glasgow | £140 | 6.50% |
| Cardiff | £175 | 5.50% |
| Liverpool | £255 | 5.00% |
| Newcastle upon Tyne | £235 | 5.25% |