The impact of Crossrail on the retail property sector

Abstract

This paper looks at the potential impacts of Crossrail upon the retail sector along the route of Line 1. It establishes a retail hierarchy of locations along the route, and looks at the interactions that may exist within that structure. The paper identifies the sources of retail demand and its characteristics, in particular its propensity for mobility from centre to centre. Drilling down, the paper identifies specific locations that will see a negative impact during the construction phases of the project, and the opportunities that may arise as a result of the redevelopment.