Today, 22 June, I can publish the latest City Centre Management survey of vacant City Centre retail units (survey completed on 15 June).
Key facts…
- We have 43 empty retail units in the City Centre.
- The percentage of retail units empty in Exeter currently still stands at 6.91%.
- Of the 16 City Centre areas for which vacancies are listed, 11 areas are showing a reduced or the same vacancy rates as contained in the March vacancy survey. Of the 16 City Centre areas for which vacancies are listed, 5 areas are showing no vacancies at all.
- The Exeter percentage vacancy rate compares very favourably with the current national average, which is still running at around 14%.
A breakdown of the number of vacant City Centre retail units is set out below…
The national economic climate remains challenging, with retailers nationally continuing to feel the squeeze. Challenges being faced by a number of national retail chains are well documented; we have seen an example of this with the unfortunate closure of Currys Digital this weekend. I still remain very confident however about the short, medium and long-term prospects for Exeter City Centre. We have encouraging levels of retailer investment – Work is just about to commence on Urban Outfitters in the High Street, and the works at the former Debenhams building are continuing apace. I'm aware of a significant number of further retailer deals in the pipeline, for which I would expect to see announcements being made during the coming two months.
John Harvey
Exeter City Centre Manager
http://exetercitycentre.blogspot.com/2011/06/june-2011-city-centre-retail-vacancy_22.html?showComment=1309647751738#c5360341603594853180'> 3 July 2011 at 00:02
John - well done on knocking Exeter to 50% lower than the national average.
Clearly we need to get Harlequins back on its feet - we the Twitter community support you in this and are here to help!
Also all at The River (http://theriverchurch.tv) thank you for your continued support
Scott