UK High Street Loses Over 6,000 Storefronts in Five Years
UK High Streets lose over 6,000 stores in five years as vacancy rate hits 13.9%: The British Retail Consortium-Local...
vacancy rate
Unibail-Rodamco-Westfield Reports 8.2% H1 Rental Income Growth
Unibail-Rodamco-Westfield reports a significant increase in net rental income of €1,152m (£987m) during H1 2023, with shopping centers contributing...
UK Footfall Surges in April Amid Easter Boost, Vacancy Rate Rises
In a recent report by MRI Springboard, footfall increased by 7.2% in April compared to March, thanks to the...
Vacancy Rates Decline in Retail Locations for Third Consecutive Quarter
In the second quarter of 2022, the overall GB vacancy rate dropped to 14.0%, marking a 0.1 percentage point...
City of London Vacancy Rates Soar Amid Pandemic
In new research by retail data consultancy Local Data Company, vacant units in the City of London increased by...
Westfield’s UK Rental Income Dips Amid Brexit Uncertainty
Westfield, a shopping center giant, has seen a 3.1% drop in net rental income for its UK operations during...
UK Footfall Declines for 11th Month Amidst Increasing Challenges for Retail Sector
In October, UK footfall fell by 2% compared to the previous year, marking the 11th consecutive month of decline...
Northern Ireland’s Retail Struggles Intensify with 7.3% Footfall Drop
In Northern Ireland, retail is struggling with a 7.3% drop in footfall and a 14.2% vacancy rate, higher than...
UK Retail Footfall Declines Significantly in April
In a concerning turn of events, footfall in the UK dropped by 3.3% in April compared to last year's...