Landlords Wanted
26.8% of Droylsden shops lay empty as geo-political divide widens ….
There are now twice as many empty shops in the North than the South, according to new research.
A report from The Local Data Company – which tracks over 550,000 premises across 3000 town and shopping centres – states that one in five northern shops now lay empty, compared with only one in ten vacant shops in southern towns and cities. The North East (18.8%) has overtaken the North West (18.6%) as the worst performing UK region for shop vacancies for the first time in six years. The report highlighted Droylsden as one of the worst towns affected, with 26.8% of shops now laying empty.
Fellow North West towns Morecambe (26.8%), Bootle (26.4%) and Stockport (25.9%) also made the UK’s top ten towns with the highest vacancy rates. The worst UK performers were Burslem (29.4%) and Stoke (27.7%) in the West Midlands, and Hartlepool (27.3%) in the North East. The report states that although there has been an overall improvement in UK shop occupancy since 2012, the divide between empty shops in the North and South was ‘disproportionately high’.
The top ten towns with the UK’s lowest shop vacancy rates were all in the South (the positioning of Lincoln is arguable), with Debden in Essex and Highgate in London both showing no vacancies at all. The best performing region was London with only 8.7% of shops laying empty. LDC director Matthew Hopkinson said 20% of empty shops (around 10,000) had been so for three years or more – “the equivalent of five Manchesters laying empty,” he said. He added: “At a regional level the polarisation between the North and the South is as wide as ever with London’s vacancy rate being less than half that of the northern regions.
“The significance lies with the fact that whilst traditional shops have been closing it has been the supermarkets and convenience stores that have been expanding significantly which has kept the occupancy rates balanced. “The question as to who will occupy these newly vacant stores as well as those, which have been empty for a while is a very difficult one to answer positively.” There have even been calls for some of the empty shops to be levelled. “If something’s been vacant for more than three years, it really does beg the question of what’s its purpose in life,” said Hopkinson. “It’s clearly not to be a retail outlet and therefore something has to change.”