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Shop vacancy rate down on last year

Britain’s shop vacancy rate has remained stable at 13.6% for the second consecutive month, according to the Local Data Company (LDC).

This figure also shows a slight decrease in vacancy rates year-on-year, with the figure for March 2013 at 14.1%.

LDC director Matthew Hopkinson said: “We are still seeing the drawdown of the major chain retailers in some towns but these are being replaced by independents or fast expanding ‘new chains’ especially in the leisure sector.”

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