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Boost for UK town centres as shop vacancies tumble to a six-year low

Town Centre Shoppers, Boost for UK as Shop Vacancies Tumble to a Six-year Low - SantanderCB

Figures from the Local Data Company show that the proportion of vacant shops in Britain dropped to a six-year low of 12.5% in January, a 0.4% decline compared to December. However, the organisation also expressed concern at the number of units that have been empty for more than three years. Long-term vacancies rose 26% from 9,796 at the end of 2014 to 12,350 in January 2016. The worst-affected areas are the North East (7.3%) and the North West (7%). The LDC data showed that shopping centres have the highest vacancy rates, with 13.8% of stores standing empty. This compares to 10.9% in town centres and 6% in retail parks.

 

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