UK shop vacancy rate declined to 14.4% in the final quarter of 2020. This was the first time that the number of shuttered shops fell since the start of 2018.
According to the figures from the British Retail Consortium and Local Data Company, this was 0.1 percentage points below the third quarter level and 0.7 percentage points higher than at the same time in 2020.
The data also reveals that shopping centre vacancies improved to 19.1% in the quarter while high street vacancies improved slightly to 14.4%. Meanwhile, retail park vacancies remained at 11.3% in the period.
The lowest vacancy rates were seen in the south of the UK, but rates were much higher in Scotland and the north.
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