Property company Colliers International has said that the Scottish retail sector is “in a fragile state” although it is strengthening.
Approximately 70% of retail centres across the country managed to keep shop rental rates at a stable level while reducing incentives offered to new tenants, but town centres are struggling, the report said.
Colliers director Tom Johnston said: "Any sign of an improvement in the hard-hit retail sector is good news. However, these are very small changes and have, in part, been helped by tenants requiring marginally less incentives, such as rent-free periods, to commit to deals.
"We are yet to see a significant increase in retailer demand and there may be some time before there is any evidence of a tangible improvement.
"In the meantime, Scotland's retail sector as a whole remains in a fragile state. A strong retail sector is important to the economic wellbeing of Scotland and we must look at innovative new ways to encourage retailers and shoppers back into city and town centres.
26 Jun 2014