Retail voids fall below 10 per cent for first time in 18 months
Published: 23 August, 2010
Research carried out by Cushman & Wakefield shows that the average availability of retail units across Great Britain’s top streets was 9.8 per cent at 1 August 2010, down from 11.1 per cent in May.
Overall availability has fallen by 1.3 per cent over the last three months to the lowest level recorded in 18 months, and from May 2010. The South West & Wales has seen the greatest change, with 3.7 per cent fewer units available in August than in May, followed by Central London with a fall of 1.8 per cent. The only region seeing an overall increase in availability is Outer London where there has been a marginal 0.4 per cent rise.
John Strachan, head of retail at Cushman & Wakefield said: “The recent decline in retail availability, whilst marginal, is encouraging and we remain cautiously optimistic that the overall level of availability will continue to edge downwards in the coming months.”
