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Shop vacancy rates edge up in August

Shop vacancy rates in the UK increased by a marginal 0.04% in August, according to the Local Data Company.

In its monthly survey of shop vacancy rates in the UK, the Local Data Company found that shop vacancy rates in August were 14.58%, up from 14.54% the previous month.

The current number of vacant shops in the top 650 GB town centres stands at 23,258.

“The national shop vacancy rate continues to hover around the 14.5% mark, which is encouraging,” said LDC director Matthew Hopkinson.

However, he questioned whether those in difficulty could make it through the next quarter rent day without succumbing to closure.

LDC visits more than 2,700 towns and cities, retail parks and shopping centres. Each premise was visited and its occupancy status recorded as occupied, vacant or demolished.

Vacant units are defined as those units, which did not posses a trading business at that location on the day the LDC visited it.

 

Readers' comments (1)

  • Having grown up in SW19 I go there every few months to visit friends and family. I was shocked to see the number of empty units in the village. I've never seen that before. Some stores appear to have downsized while others have just gone off the landscape and doesn't look like anyone will come in their place. Further to the down the road in Wimbledon centre it is 'Estate Agent Street' - a ridiculous amount of estate agents - are they only tenants who can pay the rent and rates these days?

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