Vacancy rates at highest level for four years as footfall declines

Vacant high street shop

National town vacancy rates were at their highest in four years, as high street footfall declined again, according to new figures from the BRC.

The latest BRC-Springboard Footfall and Vacancies Monitor showed town centre vacancies climbed to 10.2% in April – a further increase on the previous quarter rate of 9.9% and the highest since April 2015.

Footfall declined in the month by 0.5%, compared to the same point last year when it declined by 3.3%.

High street footfall fell by 1%, while shopping centre footfall fell by 2.1%. Bucking the wider trend, footfall at retail parks increased by 2.2% in April.

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