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Shop vacancy rates at lowest level for almost three years

The number of vacant shops in the UK fell to its lowest level since July 2010, the latest figures for LDC reveal.

The shop vacancy rate for the UK continued to show improvement, with the rate decreasing from 14.5% in March to 13.5% in April. In April last year the rate stood at 14.1%.

Within retail, the vacancy rate dropped to 13.5%, down from 14.1% last year.

LDC director Matthew Hopkinson said: “The continued improvement in vacancy rates is an encouraging sign and reflects the increasing consumer confidence although recent footfall numbers showing decline perhaps allude to a more focussed shopper when they do venture out.”

There remain 51,491 vacant units across British towns, shopping centres and retail parks.

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