13 FEB 17

Vacancy rate remains stable though footfall decline deepens

Footfall in January was 1.3 per cent down on a year ago, the steepest drop in Footfall since the 2.8 per cent fall in June 2016. This is lower than the three-month average of 0.8 per cent. The national town centre vacancy rate was 9.4 per cent in January 2017, down from 9.5 per cent in October 2016. This is the lowest rate since January 2016, when it stood at 8.7 per cent.

“The -1.3% drop in footfall across the UK's bricks and mortar destinations in January may be a sign of tougher things to come in 2017.  Not only was it a noticeably larger drop than the -0.2% in December; but it was the steepest decline since June 2016, when footfall was impacted in the preceding weeks and in the..." Diane Wehrle, Marketing & Insights Director at Springboard

“The relentless downward trend in footfall picked up pace again in January as shopper numbers fell by 1.3 per cent over the same period in the previous year, following a 0.2 per cent decline in December. It was a fairly consistent picture across different retail locations; with the high street, which saw a modest..." Helen Dickinson OBE, British Retail Consortium Chief Executive

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