There are opportunities aplenty for any UK company looking for a retail space as, according to new research, around one fifth of shops that were affected by the administrations of 27 high profile retailers since 2009 are still vacant.
The accountancy firm Deloitte examined the 27 administrations of major brands – including the likes of the HMV, Blockbuster and Comet – and tracked it against the Local Data Company’s data to see how their vacated stores were being used now. The study revealed that in terms of shops that were still vacant, these were most common in retail parks (37 per cent) compared to shopping centres (29 per cent) and the high street (20 per cent).
Hugo Clark, author of the report, said: “The results of this research are surprising and seem to challenge a number of myths around the state of the high street.
“They would suggest that far from being dead, the high street appears to be showing great resilience and a capacity for reinvention. It seems that a structural shift is taking place with the high street emerging as an unexpected winner.”
By region the fates of the vacated building varied; in Greater London only 18 per cent of the shops were still without an occupier whereas in the northwest of England the vacancy rate was much higher at 32 per cent.
While many point to the high street suffering as a result of online shopping, Deloitte’s head of retail Ian Geddes said that the growth of ‘click and collect’ is actually pushing people back into shops.
Nevertheless, the number of vacant shops both on the high street and within retails parks and shopping centres spells good news for UK companies looking for an empty trading premise. 
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