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Entrepreneurs Panel

Julie Meyer
Steve Purdham
Charlie Mullins
Richard O'Sullivan
Debbie Pierce
Laura Tenison
Jeremy Roberts
David Pollock
Tony Caldeira
Michael Oliver
Brian Hay
Jennie Johnson

Shop vacancy rate lowest since 2009

Britain's shop vacancy rate fell to 12.4 per cent in April, the lowest since December 2009.

Figures from the Local Data Company show the rate is down by 0.6 per cent in the past year.

The leisure vacancy rate was eight per cent in April, down 0.1 per cent on the previous month, while the all retail rate was 11.2 per cent, also down by 0.1 per cent.

The town centre vacancy rate fell for the first time in three months, dropping by 0.2 per cent to 10.7 per cent.

Meanwhile, the rate for shopping centres was 13.2 per cent, down by 1.4 per cent year-on-year.

Long-term vacancies decreased in April compared with March, with the number of units empty for more than three years down to 11,839. Skelmersdale in Lancashire had the largest percentage of long-term vacant shops at 31 per cent.

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