So how many of those visibly vacant units in your place are being proactively marketed…?
We’ve just run some data based on current #TheVacantShopsAcademy commissions, and wonder how many #highstreet #property and #placemaking colleagues might be surprised.
Feel free to take a guess before you get to the line with the numbers.
It feels important as part of our belief that the place – whether council(s) or BID where there is one – have an important role to play in tackling vacancy and that it’s not “just an agents – landlords thing”.
It also, I think, plays in the discussion about High Street Rental Auctions, and whether or not such a power is even needed.
So here goes. Our ‘audit’ stage found 316 visibly vacant units across 17 locations we’re involved in. What percentage had no visible agents board…?
Just over 40%.
In other words, if you’re a business out looking for potential units to expand into, for every 5 empty units you see there’ll be 2 that give you no clue as to how to find out more. In some places the figure is 50%.
Now it’s worth saying that in some cases there will have been a sign now removed because the unit has let or it has a tenant that’s left but is still paying rent on an unexpired lease, but that’s not much help to a would-be occupier.
For many others it suggests little or no effort is actually being made to find a new tenant. That surely contributes to long term vacancy and isn’t helping places.
So how close was your guess…? Is your place at that 40% average figure, better or worse…? Or don’t you know…?
It’d be interesting to hear.
What’s your view on this incoming “…new power for local authorities to require landlords to rent out persistently vacant commercial properties to new tenants, such as local businesses or community groups.”
Maybe something we don’t talk about enough in #highstreet #placemaking is the welcome at our town centre arrival points – whether that be by rail, bus, car, bike on foot or other means – and the impact on us of the journey from there to the ‘shops’.
Office, resi, #retail (rarely now), #hospitality or leisure, storage or nothing at all…?
A very enjoyable #highstreet #placemaking out & about across two days in Richmond and Leyburn, North Yorkshire, a stunning part of the world and very well worth a visit.
So, what are we thinking for the trickier of our former #highstreet #retail bank units, especially those in multi-floor and #heritage buildings…?
There was a valuable insight this week in a longer agent’s post about new #highstreet lettings which again illustrates that the picture can change significantly if you drill down beyond the headline vacancy numbers and how things appear if you simply rely on a place walk-see.
Very enjoyable first full #placemaking day out & about in the city of Sunderland for #TheVacantShopsAcademy.
What does #placemaking mean for you…?
Time spent in the park on a tackling #highstreet empty shops commission ‘audit’ day is just sitting down on the job, right…?







