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Liverpool winning battle with vacant shop units

Car Hire Liverpool Airport manager Laura who is a keen shopper, is pleased her city is able to fill as much of its retail space.  

Liverpool has been named as one of the top two cities for performing retail locations in the UK for filling space.

The report reveals shoppers in Bold Street, Liverpool, which has now seen its vacancy rate fall below 3%. This is according to the National Retail Barometer by property advisor’s Colliers International.

The firm’s latest research of 15 key retail centres throughout the UK recorded Liverpool as having one of the largest decreases in empty shops nationwide, with 20 retail units totalling more than 100,000 sq ft being let in the six months between October 2013 and April 2014.

David Fox, head of retail agency North at Colliers International, said “Liverpool has become a key component of the North West’s retail trinity alongside the Trafford Centre and Manchester. After a very difficult opening at the height of the financial crisis in 2008, owner Grosvenor has firmly established Liverpool One in the hierarchy of UK shopping and leisure destinations.”

Bill Addy, chief executive of Liverpool BID Company, which represents 1,500 businesses in the city centre, added “Liverpool’s appeal as a brilliant shopping destination is rippling right across the city centre with vacancy rates below 3% on Bold Street, St Johns fully let and Clayton Square Metquarter and Cavern Walks all undergoing major upgrades.”