Newcastle is situated on the banks of the River Tynes, around 170 km away of Edinburgh. It is the most densely populated area in North East of the country. A metropolis has a profound and diverse economy. Its strongest points are technological, digital, and retail spheres. The tertiary sector is well-developed too. Despite the uncertainty around Brexit, the commercial real estate market in the region has positive forecasts for its development. Newcastle, in particular, faces the growing demands for industrial, retail and office units of high-quality. The rapidly changing requirements of occupiers make the landlords refurbish the already existing stock into modern highly-serviced spaces with additional amenities for the tenants’ well-being. In addition to office space, retail development occupies an essential place in the urban development of the city. The authorities desire to improve the quality, quantity, and range of commercial provision by increasing the amount of retail by 50 thousand sq.ft. The main focus is put on the investment in the flexible format of shops and malls. The majority of corporations, as well as the commercial properties for rent, are located in the CBD of Newcastle. Municipal, industrial, and retail functions stay in the medieval town, between the Town Moor and the Tyne.
