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High street vacancies signal 'structural problem'

The number of empty shops in Britain has risen by 24% to nearly 10,000 in the first half, pointing to structural problems on the high street, according to the Local Data Company. High streets, shopping centres and retail parks continued their recovery, with the overall vacancy rate falling 0.2 percentage points to 11.7%. But some shops remain unrentable and 9,650 have been empty since 2012. 'That year was the peak in vacancy rates, and these shops have not been reoccupied since, which shows you it is a general structural issue,' said Matthew Hopkinson, director of the group, which analysed 2,165 towns for its report.

 

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