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News - 15 December 2016
Brighton City Centre vacancy rate continues to fall
The latest Brighton city centre survey of vacant shop units has shown a fall, with the city easily outstripping the national average
The total number of vacant shops in Brighton city centre has fallen to 4.43%, almost 1% lower than in the spring of 2016. The Business Improvement District area, Brilliant Brighton, which supports 517 businesses in the central Brighton has seen even larger gains and is now has only 4.01% vacant premises.
Gavin Stewart, CEO of Brilliant Brighton said, “With the national average stagnant at 12.3%, it’s great to see Brighton city centre performing so well. As we head towards Christmas, this is the make or break season for many independent businesses, so we will need to wait until early 2017 to see if businesses have had a good a Christmas as they had hoped.”
The survey also looks at the percentages of independent businesses compared to multiple or national companies. The data shows that in Brighton city centre, 69% of businesses are independent. That compares to a national average of 65% and is 1% down on the previous annual figures.
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