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Shop vacancy rate remains stable in March

The UK’s shop vacancy rate has remained stable at 13.6% for the second consecutive month according to figures released by the Local Data Company.

GENERAL MERCHANDISE

Shop vacancy rate remains stable in March

The figures also show that the rate has improved from March last year when it stood at 14.1%.

The Local Data Company said there are currently 51,589 vacant units across the country.

Matthew Hopkinson, director at the Local Data Company said: “The picture continues to remain stable with regards March’s vacancy rates. We are still seeing the drawdown of the major chain retailers in some towns but these are being replaced by independents or fast expanding ‘new chains’ especially in the leisure sector. The recent report on adminstrations shows that for the right shop in the right location there will always be demand especially since in many locations rents have become more affordable.”

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