UK shop vacancy rate remains at 13% in June
New figures have shown that the UKs shop vacancy rate remained at 13% in June, while the overall retail and leisure vacancy rate stayed static at 11.6%.
The figures from The Local Data Company also reveal that there were 376 more occupied shops in the top 650 town centres across the country. June also saw the highest number of new units added at 233, an above average number of demolitions of shops at 81 units, and over 90 units having a change of use from retail to either office, residential or warehousing.
Matthew Hopkinson, director at The Local Data Company, said: “There is no doubt that there is increased change and opportunity occurring in the nation’s town centres.
“The plan to open 50 shops in 50 days by Pep & Co is testament to a resurgence in comparison goods retailing on high streets.
“The fact that we are seeing change in the stock be it change of use or development activity is a very good thing as many of the 25,160 empty high street shops are not fit for purpose or in line with current retailer needs.”
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