National town centre vacancy rate at highest level since April 2015, shows BRC monitor
One in 10 shops in UK town centres are lying empty, according to figures that underline the scale of the high street crisis.
The national town centre vacancy rate climbed to a four-year high of 10.2% last month, according to the British Retail Consortium (BRC) vacancies monitor. The vacancy rate has risen in each of the last four quarters to give the highest reading since April 2015, up from 9.9% three months ago.
The BRC’s chief executive, Helen Dickinson, said some struggling high streets were trapped in a downward spiral: “Empty shopfronts, particularly for larger stores, can deter shoppers from an area. This effect can be cyclical, with the long-term decline in footfall pushing up vacancy rates, particularly in poorer areas.”
One in 10 shops in UK town centres are lying empty, according to figures that underline the scale of the high street crisis.
The national town centre vacancy rate climbed to a four-year high of 10.2% last month, according to the British Retail Consortium (BRC) vacancies monitor. The vacancy rate has risen in each of the last four quarters to give the highest reading since April 2015, up from 9.9% three months ago.
The BRC’s chief executive, Helen Dickinson, said some struggling high streets were trapped in a downward spiral: “Empty shopfronts, particularly for larger stores, can deter shoppers from an area. This effect can be cyclical, with thvae long-term decline in footfall pushing up vacancy rates, particularly in poorer areas.”
The Guardian 13th May 2019
Unfortunately we have been suffering the same problem in Spain for a long time now. They don't mention the causes for this high vacancy rate, but probably it'll be due to ever-increading online shopping, among other causes, don't you think so?
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