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UK shop vacancy rate remained stable in July

The UK’s shop vacancy rate remained stable in July at 13.4% according to figures released by The Local Data Company.

GENERAL MERCHANDISE

UK shop vacancy rate remained stable in July

The UK’s shop vacancy rate remained stable in July at 13.4% according to figures released by The Local Data Company.

This means that the rate is still at its lowest level since June 2010.

Matthew Hopkinson, director at The Local Data Company, said: “Steady as she goes is the current position across Great Britain’s town centres with the vacancy rate remaining stable and at its lowest level since mid 2010. Retail sales appear to be positive but not everywhere and there is increasing competition amongst the large multiples be they the discounters, supermarkets or indeed food and beverage outlets.

“Recent LDC ananlysis for the BBC Radio 4 You & Yours on the first 12 Portas Pilots shows that vacancy performance is varied with 9 out of the 12 showing a decrease in the number of empty shops and 3 showing an increase. This is typical of all locations where performance by geographical location and type of town varies enormously.”

The Local Data Company will reveal the vacancy numbers for the first half of 2014 on 16 September.

 

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