The latest survey of vacant shop units throughout Hove and Portslade has shown only a handful of empty premises and an overall vacancy rate of 3.7%; well below the national average of 14.5%.
The comprehensive survey of retail units throughout the area is undertaken every six months by local business people keen to keep an eye on how trading is doing during these difficult economic times. It’s part of the work of the Hove Business Partnership overseen by the Hove Business Association.
This latest survey conducted in March shows that the overall vacancy rate among the 785 retail units has dropped from 3.9% in August 2011 to a new record low figures of just 3.7%. This makes Hove and Portslade one of the most successful shopping areas in the UK at the present time.
Top of the street successes stories is Portland Road in Hove which has seen its 15 vacant units reduce to 10 over the last six months. The imminent demolition of the old Gala Bingo Hall [see earlier story] can only help the fortunes of this increasingly vibrant street. In the same period Hove’s Western Road has seen its four vacant units reduced to just two.
Blatchington Road’s two vacancies last summer are now down to 1 with the arrival of the eclectic Department store.
George Street’s vacancies have increased from 2 to 4 and Church Road has seen an increase from 5 to 6.
In Portslade there are now 5 vacant units in Station Road and Boundary Road compared to just 1 last summer.
Among the new kids on the block, opening new businesses in previously empty units are Zanaam, Paraquatics, Body Base, Harlem Hairdressers and Sussex Funeral Services in Portland Road; the Co-Op and Eat Good in Western Road; Mobile Phone Station in Station Road, Slice Sussex Café in Church Road, Department in Blatchington Road and T Mobile in George Street.
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