‘Modest’ rise in retail vacancy rates

Davida Erdahl

Vacancy rates have improved for the eighth consecutive quarter, data from the British Retail Consortium (BRC) and Regional Information Enterprise demonstrates.

Even so, the BRC pointed out that the increase in Q2 was “modest” many thanks to government help for companies in the course of the lockdown, which has provided a business rates vacation, business interruption loans, and the furlough scheme.

Searching centre vacancies improved to fourteen.3% in the 2nd quarter, from fourteen.one% at the close the first.

Superior streets improved to 12.4% from 12.3%, while vacancies at retail parks edged up to eight.3% from eight.2%.

Higher London experienced the optimum regional maximize, mounting from to 9.one% from 8.9% at the close of Q1.

BRC chief executive Helen Dickinson said: “The 2nd-quarter rise in the emptiness charge throughout retail internet sites was modest, as government help authorized quite a few destinations to survive lockdown.

“Even so, the complete results of

Read More