Britain’s shop vacancy rate has remained stable at 13.4% in June, which is its lowest level since June 2010, according to The Local Data Company (LDC).
Matthew Hopkinson, director at LDC, which collates retail location data collator, said: “Increasing consumer and business optimism is having a positive impact on many retail and leisure locations up and down the country. A number of national and international retailers are starting to open more shops, which is good news for many high streets, but will not affect all.”
He continued: “Detailed analysis of the LDC data shows that the good are getting better and the weak are getting weaker. In addition, we’re seeing the impact of the structural changes taking place to many established retailers, as they fight to retain market share. The best example in this regard is the impact that discounters are having on the traditional supermarket businesses.
“Whilst the vacancy rate sits very favourably compared with 12 months ago, it should be remembered that consumer confidence is still fragile, and a change to the interest rate could have a profound impact on changes over the last few months.”