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News - 10 September 2013
UK retail vacancy hasn’t budged
The most recent report from The Local Data Company says that High Street retail vacancies remain "stubbornly high at just over 14% in the top 650 centres.
Showing the variation from place to place Blackburn has the highest vacancy rate of 26.9% compared to Cambridge with just 7%. The city centre of Brighton stands at just over 6%.
Matthew Hopkinson, director of the Local Data Company
, said, "This report clearly shows that whilst the rise of empty shops has stalled it still remains stubbornly high for many towns up and down the country"
He also said that a significant number of empty properties are 'long-term sick' with little or no prospect of reoccupation as shops. Many shops are being converted to leisure use, including restaurants, bars, cafes and betting shops.
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