Commercial property vacancy rates highly dependent on location | 13 September 2011
Shop vacancy rates in the UK have stabilised during the first half of the year, although the gap between the best and worst performing cities has substantially grown.
According to new figures released by the Local Data Company, the town centre vacancy rates for Great Britain have remained at around 14.5 per cent throughout 2011.
However, demand for commercial property appears to have hotted up in the traditionally well-performing areas of the UK between January and June.
According to commercialfinancegroup.co.uk, the industry appears to have especially livened up within large town centres like Exeter, Cambridge, Taunton and Edinburgh.
Overall high streets in the South of the UK appear to be far more active than those up North. Southern high streets have an impressive vacancy rate of just 11 per cent, compared to 16 per cent in the North West.
These trends suggest that many British investors are investing in commercial property may be investing far away from their home towns. These individuals could utilise the qualities of property management software in order to adequately manage their duties as a commercial landlord.
Speaking to bpf.org.uk, Liz Peace outlined the steps which councillors and commercial property investors should take in order to bring poorer-performing areas up to scratch.
Written by Jo Elvin on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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