Retail & Wholesale

Shop vacancies fall to lowest level since April 2010

The proportion of vacant shops fell to 12.9% across the UK in September, the lowest level since April 2010. Matthew Hopkinson, director at The Local Data Company, said: 'One has to ask the question is this real improvement in terms of all the empty shops being reoccupied or is it something else? The answer is mixed in that whilst we are seeing certain business types expanding, it is not across the board and what the data is showing is that over 400 shops (0.1% of the total stock) last month were removed from the overall stock as a result of change of use, demolition or redevelopment. This is good news as it shows that structural change requires big decisions and regeneration of places through uses other than shops.'


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