Nationally the headline ‘empty shops’ vacancy rate is around 14%.
📉 Could the new Levelling Up team set as a target to drop that into single figures…?
I believe so. We know how to do this.
🗝️ A starting point is for all the places with empty unit rates in the mid-high teens and especially those over 20% to get a tackling vacancy-focused ‘place partnership’ on the case.
It’s why our number one #HighstreetsManifesto suggestion was:
“Ask (and resource) every local authority to report on vacancy numbers twice a year, and work with agents, landlords, businesses, community and BID where there is one to overcome barriers to let…”
It’d be awesome to hear a new High Streets Minister commit to that.
☹️ Empty units do sooooo much harm to our town and city centres: on pride in place, reputation, footfall, investment and environment.
There’s a long list of reasons why they’re like that but also as many proven ways the place can start to fix it.
🎨 …and we’ve a much longer list now of go-to options to fill the spaces: arts & crafts, creative, culture, community, leisure, education, health & wellbeing alongside #retail, #hospitality & services plus office and resi (mostly) for upper floors.
We know that places can cut their #highstreet empty shops rate in half or better in 18 months. Some will drop it to churn level (under 5%).
🤳🏽 If vacancy is a troubling issue in your place, we’ll happily talk you thru it…!
