One in six shops in Scotland lying vacant, says report
The vacancy rate is one of the highest in Britain, according to the latest Vacancy Monitor study from the Scottish Retail Consortium .The vacancy rate remained at 15.7% for the third quarter in a row - an 0.4% improvement on the same period in 2021. Scotland ranked eighth out of 11 areas across the UK.
Shopping centre vacancies in the final quarter of 2022 remained unchanged from the same point in 2021 at 20.5%, with high street vacancies going from 14.7% to 14.8%.Lucy Stainton of the Local Data Company, which carried out the study with the SRC, said: "Retail parks continue to outperform other location types, which is perhaps an indication that some of those shopping habits formed during the height of Covid are sticking.
"The Christmas trading period seemed to indicate that consumers were favouring, and returning, to stores, alongside their online spend."
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