LDC: Britain’s shop vacancy rate drops to 13.2% in December

In Industry News On

Britain’s vacancy drops to 13.2% in December, according to the Local Data Company (LDC). The overall retail and leisure vacancy rate has remained at 11.8%.

LDC director Matthew Hopkinson commented: “December’s vacancy figures, while showing a marginal decline in empty shops, are not showing any significant movement. The decline in the shop vacancy rate is as a result of temporary lets and pop up shops during the Christmas period. The acid test will be to see how these numbers adjust in January and the impact of the administrations and closures of Bank and USC, let alone the supermarket closures that have been announced for 2015.”


He added: “A promising year lies ahead in that 2014 showed the symbiotic relationship between bricks and clicks, and that physical shopping and collection is alive and well. With low inflation and an uptick in wage growth, 2015 has the potential to see the vacancy rate fall further from its peak of 14.6% in 2012.”

You may also read!

Consumer awareness increases demand for energy efficient products

The latest ‘Electrical Accessories Market Report’ from AMA Research highlights the increasing consumer awareness for energy efficiency improvements, supporting


Sirius donate £11K to Mind, the mental health charity

Sirius Buying Group, major buying group of electrical appliance and kitchen retail solutions contribute to a worthy cause and


Alltrade celebrates 30 years of success

Alltrade has celebrated its 30th year in business and three decades of growth distributing aerial, satellite, IRS, CI and


Mobile Sliding Menu

©2018 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY