Shops are taking longer and longer to let

Vacant retail premises in the UK are taking longer to let as continued uncertainty surrounding Brexit combines with the turbulent retail trading conditions, according to Radius Data Exchange data.

Only 1.89% of empty shops are now let within the first three months of being marketed, more than three times as long as before the EU referendum. On average, shops take 340 days to relet.

Landlords with units above 10,000 sq ft are struggling the most, with more than 90% remaining on the market for more than 12 months.

Smaller units are less of