Empty shops data shows north-south divide
by Sarah Ashcroft
Demand for shop lease agreements
may be greater in the south of England than the north, as new figures show the division is growing.
In some areas of the country, as many as one in three shops are vacant, although the national average is one in seven, the Local Data Company revealed.
Southern parts of the UK had vacancy levels of less than one per cent, compared to between 13 and 16 per cent in the Midlands and north of the country.
"The diversity of shop vacancy rates is clear evidence that a local approach is required that ties in with consumer needs and the realities of modern retailing," commented Matthew Hopkinson, director at the Local Data Company.
He explained that many shops will have simply taken on the wrong sized premises, or were simply not in the right locations.
Bromley, Camden, Harrogate, St Albans, York and Kingston upon Thames were all found to have the lowest shop vacancy levels.
Published on: September 8, 2011
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