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PRIVACY
Retail & Consumer

Number of empty shops was rising in Wales - even before Covid-19 pandemic hit

Wales has one of the worst levels of vacancy rates across the whole of the º£½ÇÊÓÆµ

An empty shop unit on Station Road, Colwyn Bay. Image: David Powell/North Wales Live(Image: Daily Post Wales)

The number of empty shops in Wales was rising even before the Covid-19 pandemic hit.

Vacancy data for quarter one of the year has been released by the Welsh Retail Consortium in a partnership with the Local Data Company.

These were the key findings from the figures - which don't reflect the changes as a result of the coronavirus pandemic.

  • The Welsh vacancy rate across all shopping locations was 15.9% in March 2020, an increase from 15.5% in December 2019
  • The vacancy rate for 16.8% for High Streets (16.4% in Dec19); 17.0% for Shopping Centres (16.3% in Dec19); and 6.7% for Retail Parks (6.7% in Dec19). 
  • Persistent Welsh vacancy rate - premises empty for two or more years – was 7.8%
  • Regionally, Wales compared badly with the º£½ÇÊÓÆµ vacancy rate of 12.2%

Sara Jones, head of the Welsh Retail Consortium, said: "These figures provide an essential baseline to assess the impact of coronavirus on vacancies in Wales.

Bangor High Street(Image: North Wales Live)

"Regrettably we commence from a very difficult position, with the overall 15.9 percent vacancy rate one of the poorest in the º£½ÇÊÓÆµ. 

"Delving into the detail, both High Street and Shopping Centre premises showed high vacancies – something which is likely to be exacerbated by the current crisis. 

“With that in mind, it’s vital Welsh Ministers look afresh at their out-of-step decision not to provide all retail businesses with 100% rates relief.

"That different decision makes Welsh high streets and retail destinations more expensive to operate in, and consequently puts them at greater risk of store closures.