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News - 15 July 2016

Brighton Business Improvement District pips wider city centre with fewer shop vacancies

In a recent city centre retail vacancy rate survey, the renewed Brighton city centre Business Improvement District has dropped below the wider city centre in terms of empty shop units for the first time in 5 years.

Of the 517 business premises in the BID area, only 4.87% of them are currently vacant, compared to a vacancy rate of 5.41% in the wider city centre.

Brighton has consistently bucked the national trend and has fared well in terms of vacant units over the last few years; A signal that the city, with its strong footfall and visitor numbers is seen as a sound investment for retail and leisure businesses.

The national average for vacant units is still over 12%. With the continued regeneration of the city centre, flanked by the waterfront development proposals  Brighton will continue to rise in the national retail rankings.
Currently at number 26 in the national rankings, and well ahead of competitors like Oxford, Cambridge or Southampton, the city is well placed to capitalize on its success and build on its reputation as an all-round destination in its own right.

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