Repurposing space and mixed-use resilience
Mixed-use development, repurposing and the intelligent reuse of obsolete space are critical to building resilience. Former department stores, for example, can be transformed into education space, healthcare facilities, workspaces, homes or cultural venues, while retaining active ground-floor frontages that support street life. While repurposing is rarely quick or easy, it can succeed when driven by patience, creativity and sustained belief. At a wider city scale, growth in city centre living has also reshaped the economics of place, bringing more people closer to shops, leisure, work and culture, and strengthening demand throughout the day and into the evening.
Experience, social value and activation
Consumers are prioritising experiences they cannot get online, from major events and casual food and drink to cultural attractions and trend-led social moments. City stakeholders increasingly see the whole city centre as a venue, using events, activations, art and performance to drive footfall and spending. Concurrently, landlords and brands are being encouraged to think more deeply about social value and community connection. In-store experiences, repair and reuse concepts, café culture and even ‘hype retail’ can all help build momentum, loyalty and a sense of belonging, which in turn strengthens both trading performance and long-term asset value. At the same time, the breadth of new retail and leisure occupiers that have taken space over the past five years have positively changed many places beyond recognition.