Retail

The Retail sector includes all properties used for commerce, namely high street and stand-alone stores. Valuations of this type of asset can be carried out at various stages of the asset’s life cycle:

• at the design stage, when the development project is analysed (which may include a best use analysis taking into account the constraints and the local market),
• during the construction phase (including inspections) or,
• after completion (finished properties).
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Typically, these properties are valued using the income method (taking into account the project’s underlying operating data or usage data) and the comparative method.