Hospitality & Leisure

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.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

Women in Business with Cause4

Santander announces breakthrough women in business mentoring programme in association with Cause4 .

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?