Shop vacancy rates decrease slightly in July, Local Data Company reveals

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The Local Data Company’s monthly barometer of shop vacancy decreased by 0.03% from 14.57% to 14.54% in July 2012.

Matthew Hopkinson, director at the Local Data Company, said: “July’s marginal reduction in shop vacancy further reflects a picture of stability in vacancy rates of around 14.5%. Recent economic and consumer news has been mixed so how this trend manifests itself in future months is a difficult one to predict.

“At a more granular level the reality is more interesting with the best analogy being that of a duck gliding along the surface of Eton Dorney yet its legs are going in all directions. This frenetic activity below the water reflects the widening differences that exist between many town centres. Whilst some towns are getting stronger, a number continue to weaken and at best case show no sign of improvement.

“The numbers, trends and factors creating vacant shops on our high streets will be debated in detail on 4 September 2012 at our next LDC/BPF Retail Summit at Ashurst.”