Chris Grigg, the CEO of British Land said on his most recent podcast; ‘Leading With James Ashton’ that the shops that have closed so far won’t be the end of it as the rise of online shopping is continuing to eat into demand for physical spaces.
‘If we do the basic maths, are we going to see 20% less of shops over time? That wouldn’t seem at all surprising to me, there will be fewer shops, on average those shops will be smaller [but] actually they will be better at serving the consumer because the others will die.’
