Things are looking up for the town’s high street, but supply issues could well have an adverse effect on retail growth, according to property consultants Stiles Harold Williams.
There have been notable recent successes, such as the re-letting of the distinctive ship-fronted 31 South Street, which will shortly become a new creperie. The firm have also sold 18b Warwick Street to an Italian restaurateur – good news for foodies all round.
On the retail front, there has been strong interest from significant players in 35-39 South Street, a sizeable unit with great potential.
Again, in terms of light industrial / warehousing, there have been several notable recent lettings, but there is increasingly insufficient supply to meet rising demand.
Duncan Marsh, Partner for Stiles Harold Williams said: “Worthing town centre occupancy levels are now at their highest since the 2008 downturn. We have witnessed, and have been able to accommodate increased demand from large retail multiples as well as big name restaurants.
“However, we are experiencing a shortage of supply in terms of good quality retail and /or industrial space. If anyone has available units of this description please get in touch.”
