Liverpool. Boost in retail spending

Retail expenditure in the Liverpool catchment area is estimated to increase by a massive 77 per cent over the next two decades thanks to population growth and increasing affluence. A Hill PDA report estimated retail spending in the catchment generated around $4.5 billion, in 2011, which is forecast to increase to $8 billion, by 2031. These figures are contained in the Liverpool Retail Centres Hierarchy Report, which was commissioned by Liverpool City Council.

Liverpool. Survey of retail space

A floorspace survey indicates that the Liverpool local government area (LGA) currently supplies some 377,000 square metres (GLA) of shop front retail and commercial floorspace, according to a retail study prepared for council by Hill PDA. The Liverpool City Centre accounts for over 161,000 square metres (or 43 per cent) of shop front floorspace. The three bulky goods clusters at Crossroads, Orange Grove and Warwick Farm account for 123,000 square metres (or 33 per cent) of floorspace. Around 120,600 square metres of additional retail space is proposed in the LGA over the next 30 years. Around 29 per cent of this (35,000 square metres) would be accommodated within the city centre.