Supermarket developments crossed off the shopping list

Application volumes for new supermarkets have tumbled by 61% from their peak in 2015, with speculative proposals taking a dramatic nosedive.

Just 117 new-build applications were submitted during 2018, according to new findings by Radius Data Exchange, in comparison to more than 300 coming through three years earlier.

This has precipitated a dramatic fall in the square footage of new stores proposed – down to just over 2m sq ft from almost 6m sq ft in 2015.

Proposals for new discount stores remain the predominant driver