London closures drive shop vacancy rate to highest level since 2014

Empty shop

The number of empty shops in the UK has now reached the highest peak since January 2014, as city centres suffer from lack of footfall amid the coronavirus pandemic.

The UK vacancy rate increased to 10.8% in July 2020, up from 9.8% in January, which marks the highest vacancy rate in six years, according to the latest data from Springboard.

Greater London has suffered particularly from lack of traffic, with vacancy rates now two thirds higher than the beginning of this year.

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