The number of unoccupied stores has dropped for the fifth consecutive quarter, according to vacancy rate figures from the BRC-LDC Vacancy Monitor.
The overall rate of store vacancies across Great Britain improved to 13.8% in the fourth quarter of 2022. This is 0.1% better than Q3 and 0.6% better than the same time last year.
In shopping centres, vacancies improved to 18.2% in the fourth quarter compared with 18.8% in the third, high street vacancies improved slightly to 13.8% in the final quarter compared with 13.9% in the third quarter, and retail parks continued to show the lowest vacancy rate at 9% in Q4 – a 0.7% reduction from Q3 2022.
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