Number of empty shops on high streets hits four-year peak

The high street vacancy rate in the UK has risen to 10.3% in the month ending 27 July, reaching its highest level since January 2015.

The national town centre vacancy rate for July represented a slight increase on the previous quarter’s rate of 10.2%, according to the latest figures from the BRC-Springboard footfall and vacancies monitor.

Year-on-year footfall declined by 1.9% during the month, compared with the same point last year when it declined by 0.8%. This marked the worst decline for July since 2012.