Bristol has one of the highest growth rate forecasts outside London and is in prime position to lead the region out of recession, according to research by local property advisors. Experts predict a growth rate of 11.4% in 2013 equal to Manchester and in the top five outside the capital.
Growth in high value jobs in Bristol and the surrounding areas will be second only to London, outperforming major cities such as Manchester, Leeds and Birmingham. Recent research predicts that online retail will offer huge opportunities in the property sector, particularly in Bristol and the South West despite the doom and gloom in the retail sector with high profile casualties in HMV, Jessops and Blockbuster.
Local Director of a logistics agency comments “Sheds are the new shops, retailers are finally coming to terms with the rapid rise in smartphones and tablets. Some 64% of smartphone users in the UK shop online pharmacy via their mobile. They are embracing multi-channel retailing – that’s bricks, licks and flicks”.
“There are 37 million shoppers online in the UK, the fastest growing online market in Europe. The product has to get from the retailer to the customer. In the case of food retailers this is often picked direct from stores and delivered to homes. However online retailers like Amazon use the parcel network and companies who have active requirements right across the South West”.