The picture across Great Britain
Britain’s shop vacancy marginally increased to 12.4% in July from 12.3% in June. Annually this is down -0.6% from the same period last year (July 2015). This change was driven by fall in the number of new units in July of -3.5% and a 44% drop in the number of vacant units getting new occupiers.
Overall activity levels were down -46% in July 2016 compared to 12 months ago (July 2015). This is due to stakeholders in the property sector delaying major property decisions, such as new store openings, developments and conversions, in the lead up to the referendum in June. These impacts are now being evidenced in the LDC data.Read more