St Albans Placed 15th in Vitality Index 2017

Story posted: 29.06.17

Congratulations to St Albans who have ranked 15th in the Vitality Index and a fantastic 3rd overall in the ‘Market Town’ category - a great accomplishment to our local retailers making St Albans what it is today.

What is the Vitality Index?...

Retail specialist Harper Dennis Hobbs has released the latest Vitality Index, ranking 1000 retail centres in Britain by quantifying the ‘retail health’ of each centre.

Jonathan De Mello, Head of Retail Consultancy at Harper Dennis Hobbs said, “This ranking highlights the ‘healthiest’ retail centres in Britain, which successful brands should target when considering network expansion. Smaller centres are of increasing interest to retailers, given rents are often highest in the largest centres. So, a small centre with a high vitality score – and right shopper profile – could potentially yield strong profits.”

The latest Vitality Rankings gives a clear indication of some of the highest quality retail areas in Britain. In these locations, the concentration of quality retailers contributes towards a vibrant high street, which “serves as a community hub that us well-matched to the affluent neighbourhoods in which they are situated…. The presence of small, local retail centres in our ranking is evidence that there are some high streets that are going from strength to strength despite the tough economic conditions throughout the past year.”

James Ebel, Executive Director in Harper Dennis Hobbs’ retail agency division states, “This ranking, with bespoke criteria included, can be an important tool for retailers looking to expand their store portfolio. The Vitality Index highlights some of the highest quality retail centres in Britain, demonstrating the fact that market size isn’t the only predictor for commercial success.”   

We are proud to see St Albans consistently ranking highly by the consumer and can understand why people are attracted to this beautiful 'Cathedral City', having also been named the 8th best place to live in the UK last year.

Is this a city you would like to live in? If you are considering moving to St Albans, why not contact our ‘gold’ award winning office for a more in-depth conversation about your property requirements.


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