National shop vacancies stabilise
Almost two-thirds of
According to the Local Data Company’s latest report, The Good, the Bad and the (Very) Ugly, 64% of the 75 centres studied showed shop vacancy increases of 10% or higher. Some towns, including Stockton-on-tees, Bradford and
Declines in vacancy rates were recorded in just 7% of towns studied, including Guildford,
In the first six months of 2011, vacancy levels have started to stabilise, averaging 14.5%, according to LDC.
Large centres – defined as towns with more than 400 stores – have fared worse than their smaller counterparts, recording vacancy rates of 17% and 12% respectively. LDC said that smaller towns performed better because of the prevalence of independent retailers.
Town centres in the North and the Midlands have been worst affected by retail vacancies, with the
LDC director Matthew Hopkinson said: “The stark reality is that