Cambridge has toppled a host of London locations to be named the best-quality retail location in the UK.

Top50retail centres

The city beat the likes of Westfield London, Knightsbridge, Chelsea and Bluewater to the top spot in the Harper Dennis Hobbs 2017 Vitality Index.

RankLocationVitality scoreMarket size (weighted retail expenditure)Change since 2014
1 Cambridge  902 £1,513,016,237 6
2 Westfield London  895 £2,192,438,446 -1
3 Knightsbridge 876 £633,482,231 0
4 Chelsea 875 £764,265,134 -2
5 Bluewater  869 £1,946,420,654 3
6 Wimbledon Village 863 £88,843,941 New entry
7 Richmond 862 £404,623,870 0
8 Canary Wharf 860 £368,953,691 -3
9 Marlborough 858 £113,319,198 New entry
10 Bath 857 £1,328,625,901 2
11 Sloane Street 855 £206,106,322 New entry
12 Westfield Stratford  855 £1,765,198,912 5
13 Reigate 853 £131,328,606 New entry
14 London West End 850 £9,141,226,044 2
15 St Albans 846 £507,678,384 7
16 Berkhamsted 846 £113,697,055 New entry
17 Edinburgh  845 £2,346,843,910 5
18 Kingston upon Thames 842 £2,107,118,547 0
19 Cobham 840 £101,534,296 New entry
20 Cribbs Causeway 840 £1,126,748,715 1
21 Chiswick 839 £253,761,350 11
22 Brighton  839 £1,902,344,776 6
23 Harrogate 838 £826,855,386 3
24 Guildford 834 £1,385,378,494 -7
25 Henley-on-Thames 833 £206,782,026 New entry
26 Bristol – Clifton 833 £117,811,673 New entry
27 Sherborne 831 £114,903,538 New entry
28 Meadowhall  827 £1,741,402,629 4
29 Ilkley 826 £174,778,586 New entry
30 Sevenoaks 826 £193,322,362 8
31 Chichester 826 £717,782,616 0
32 Islington - Upper Street 824 £501,574,370 -6
33 Kensington 823 £685,114,699 -14
34 Birmingham  822 £3,738,666,154 31
35 Leeds  822 £3,180,292,167 4
36 Muswell Hill 821 £142,886,468 New entry
37 Tenterden 819 £103,728,550 New entry
38 Glasgow  818 £4,260,877,222 30
39 Marlow 814 £174,047,714 7
40 Fulham Road 813 £213,427,596 New entry
41 Wilmslow 813 £197,659,173 2
42 St Ives (Cornwall) 813 £97,121,316 New entry
43 Chester 812 £1,678,594,102 -4
44 Hampstead 811 £89,398,650 1
45 Trafford Centre 810 £1,851,676,699 -12
46 York 810 £1,396,532,968 4
47 Liverpool  810 £3,102,829,857 0
48 Oxford 809 £1,478,546,453 -10
49 Lakeside  807 £1,633,327,360 -3
50 Holborn 807 £171,628,390 New entry

The index sets out to measure the quality of retail locations by assessing factors such as the shop vacancy rate, how well the retail mix has been adapted to fit the needs of the local community and the proportion of ‘undesirable’ shops such as pawnbrokers and bookmakers.

After scoring each location based on those variables, Cambridge notched 902 out of a possible 1,000, edging out Westfield London – which came top of Harper Dennis Hobbs’ inaugural index three years ago – by just seven points.

Bluewater jumped three places to break into the top five, while new entry Wimbledon Village was a new entry in sixth place.

Expanded ranking

Wimbledon Village was one of 500 new locations to make the list after Harper Dennis Hobbs expanded the ranking to assess a total of 1,000 locations with more than 40 multiples, ranging from local high streets to regional shopping malls and major city centres.

Retail parks and outlet centres were excluded from the list, as their out of town locations mean that they are “not intrinsically linked to the local area,” Harper Dennis Hobbs said.

Although London destinations continue to dominate the upper echelons of the list, Marlborough and Bath broke into the top 10, while Birmingham (34th) and Glasgow (38th) were the most improved cities, rocketing 31 and 30 places respectively off the back of new retail developments.

Brent Cross plunged out of the top 50 as a result of the preparation for works to modernise and expand the centre, while Kensington slipped out of the top 20.

‘Undesirables’ and value stores

Harper Dennis Hobbs said other areas suffered due to an increase in the presence of “downmarket” stores.

The commercial estate agency said there had been a 2.7% increase in the proportion of value stores in centres of the past five years, in addition to a 1.6% increase in the proportion of “undesirable” shops.

Harper Dennis Hobbs head of retail consultancy, Jonathan De Mello, says: “This ranking highlights the ‘healthiest’ retail centres in Britain, which successful brands should target when considering network expansion.

“Smaller centres are of increasing interest to retailers, given rents are often highest in the largest centres. So a small centre with a high vitality score – and the right shopper profile – could potentially yield strong profits.”

Harper Dennis Hobbs executive director of retail, James Ebel, adds: “With an increase in online retailing, many of our clients, especially those from North America, now want to consider why they should enter a market rather than how many stores they should have.

“For this purpose, it’s important to know not only who trades in a retail centre, but how many are vacant and whether the market captures their customer profile.

“This ranking, with some bespoke criteria included, can be an important tool for retailers looking to expand their store portfolio.”

Methodology

The Harper Dennis Hobbs Vitality Index ranks all retail centres in Britain by quantifying the ‘retail health’ of each centre.

This year’s Index has been expanded from 500 locations to 1,000, measuring vitality through a number of variables: the proportion of up-market shops, the proportion of value-led shops, the vacancy rate and the proportion of ‘undesirable’ shops – such as pawnbrokers, money lenders, and bookmakers.

Greater scores are also given to areas whose retail mix has been adapted to the local community, while locations whose offer has deteriorated have been penalised.

  • Check out Retail-week.com tomorrow for the bottom 50 retail centres in the UK.