Find in the news:
BY COUNTRY

Higher numbers of empty stores in northern England than in south



LDC has completed research which reveals that almost 20% of stores in northern England are empty, compared to 10% in south.


According to the research, the shop vacancy rate across England was 13.3% at the close of last year, which is a decline from 14.6% in February 2012.


The north-east revealed the worst figures, with a vacancy rate of 18.8% for the second half of 2014, which is down 0.3% on the previous year. The best vacancy rate was experienced in London, at 8.78%, a decline of 0.4%.


The report also indicated that 20% of all stores it tracked had been empty for a period longer than three years. This is a total of almost 10000 stores.


As regards shop vacancies since 2008, the north-west experienced the worst figures, but the north-east has now surpassed its figures.


The 10 worst town centers as regards vacant leisure and retail space are based in the West Midlands, north-east and north-west. The top three are based in Burslem, with a rate of 29.4%; Stoke-on-Trent with 27.7% and Hartlepool, with 27.3%.


The top 10 highest-occupied city centers indicated that six were located within the southeast and Greater London. A zero percent vacancy rate was enjoyed by the top three which included Debden in Essex, and Highgate in London. Buckinghamshire’s Beaconsfield enjoyed a 0.9% vacancy rate.


During last month Tesco announced that it is planning to shut 43 of its stores and have scrapped plans to open 49 new stores. Morrisons is due to close 10 stores.


The director of LDC, Matthew Hopkinson, stated that the numbers which have been announced to date are small in comparison to the totals. He said the main aspect of this situation is that while traditional stores have been shutting, the convenience stores and supermarket have been expanding and this has balanced the occupancy rates. However, it is not possible to predict who will now take occupation of the already vacant stores and the ones due to become vacant.

Related shopping malls and stores:

More about shopping malls in the United Kingdom



YESTERDAY, USA:
More than 100 stores will open by the end of 2021, including a new experimental concept.
Oct 16, 2021, USA:
The center is scheduled to open in the first quarter of next 2021.
Oct 16, 2021, USA:
The deal was one of the largest ever in the private apparel segment.
Oct 14, 2021, USA:
U.S. company Macerich is changing the rules for short-term rentals.
Oct 14, 2021, USA:
The White House issued a statement warning citizens about possible food supply disruptions.
Oct 13, 2021, France:
No deal of the century: Auchan rejected the purchase of Carrefour
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us