Shop vacancy rate continues to improve
The UK¬ís shop vacancy rate continued to improve in May as it reached its lowest level since June 2010 according to figures released by the Local Data Company.
The figures show that the rate decreased by a further 0.1% to 13.4% in the month which is a marked improvement from a year ago when the rate was 14.1%.
Matthew Hopkinson, director at The Local Data Company, said: “The improving vacancy rate continues to show that empty shops are being reoccupied up and down the country. Within town centres alone this equates to over 200 new businesses a month.”
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