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Local Data Company’s monthly shop vacancy rate remains stable at 14.1% in May 2013

Town centre shop vacancy rates in the UK continue to remain stable for the eighth month in a row.

GENERAL MERCHANDISE

Local Data Company’s monthly shop vacancy rate remains stable at 14.1% in May 2013

Matthew Hopkinson, director at the Local Data Company, said: “Britain’s town centres continue to show stability in the number of vacant shops for the eighth month in a row. The end of the June quarter rent day has had its casualties in the form of Dwell, Internacionale, ModelZone and Ark Clothing which add up to over 200 stores or 0.1% of town centre shop units.

“Should these stores become vacant then it is the shopping centres which will be hardest hit as over 70% of these stores reside in one.

“Whilst these administrations are clearly significant and reflect the challenges facing bricks and mortar retail there are others who are expanding and will take their place but primarily within the food & beverage, convenience food retailing and services. As we have seen for some time our town centres are in transition and as we all know change is inevitable and change is constant. The big question is where are the extremes of this change and to what consequence?”

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