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Britain’s Shop Vacancy Rate remains at 13.3% in November

Britain’s shop vacancy rate has remained at 13.3% in November, according to The Local Data Company. 

Analysis of vacancy rates by occupation type shows that Shop vacancy in November is 13.3% (0.0%), Leisure vacancy was 7.8% (0.0%), and All (Retail & Leisure) vacancy rate was 11.8% (0.0%).

Matthew Hopkinson, director at The Local Data Company, said: “Whilst the shop vacancy rate remained stable at 13.3% across the country there were some changes of note. There was an above average take up of shops in the month with 534 opening.

“We also saw some new stock coming onto the market along with an increase in the number of properties demolished. This is encouraging as it shows that landlords and local authorities are responding to the new space requirements of total retail where bricks meet clicks.

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Christmas is the time when one expects vacancy rates to be at their lowest but the recent events of Black Friday and Cyber Monday are changing shopping behaviour dynamics in a dramatic way and by way of caution I would say – be careful for what you wish for”

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