Shops stay open in mar­ket town

Buckinghamshire Advertiser - - NEWS -

SHOP­PERS in Bea­cons­field are among the least likely to see an empty store as the town has one of the low­est va­cancy rates in Bri­tain.

The lat­est fig­ures from the Lo­cal Data Com­pany (LDC) showed, from June to De­cem­ber, 0.9 per cent of premises in the town were empty, mak­ing it the town with the ninth low­est va­cancy rate in Bri­tain.

Things have im­proved from the 3.5 per cent of shops ly­ing empty a year ear­lier.

The change is mostly thanks to the new devel­op­ment in Bak­ery Court, in Lon­don End, and Hall Barn fill­ing rented prop­er­ties.

Re­tail va­cancy rates showed a marked im­prove­ment to­wards the end of the year, from a peak of 14.6 per cent in Fe­bru­ary 2012 to 13.3 per cent in the sec­ond half of 2014.

The an­nual change has seen an im­prove­ment of -0.7 per­cent­age points.

Whilst the na­tional pic­ture is one of im­prove­ment, it masks sig­nif­i­cant na­tional and re­gional dif­fer­ences.

Matthew Hop­kin­son, direc­tor at the Lo­cal Data Com­pany said: “One thing that is very clear is how va­cancy rates and oc­cu­pancy pro­files are chang­ing, lo­ca­tion by lo­ca­tion, and this ul­ti­mately mir­rors where and why busi­nesses suc­ceed or fail.

“The gran­u­lar­ity of LDC data shows th­ese changes from a shop all the way up to the na­tion and what is clear is that po­lar­i­sa­tion is alive and well and grow­ing.

“With one in four shops ly­ing empty in the north and just one on ten empty in the South, the ev­i­dence is clear to see.”

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