And where there used to be some shops...
There are fewer empty shops on the UK’s high streets, according to some new data.
The Local Data Company, which monitors more than 2,000 town and shopping centres and retail parks, said average vacancy rates were below 14% for the first time in four years. However, there are still more than 50,000 empty shops in town centres.
At its peak in 2012, vacancy rates were 14.6%, compared with 13.9% in December 2013. It could be down to those seasonal affairs that pop up selling tinsel-based tat, but the majority of the vacancies are being filled by food and leisure businesses.
There are also some regional variations in their findings, showing that vacancy rates in the North West, North East and East of England have all increased in the past 12 months. With the North West being the worst hit, with 17% of shops currently empty.
It’s said to be due – in a no shit Sherlock manner – to the prominence of out-of-town shopping experiences and retail parks.
TOPICS: High Street News