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Almost as many stores are empty again as at the low point in 2015

2020-01-18T10:31:05.558Z

The store vacancy rate rose for the first time in years last year, so that it is now almost at the level of 2015, when 7.5 percent of the retail properties had no tenant. On 1 January of this year, 7.3 percent of the stores were empty.



The store vacancy rate rose for the first time in years last year, so that it is now almost at the level of 2015, when 7.5 percent of the retail properties had no tenant. On 1 January of this year, 7.3 percent of the stores were empty.

This is according to figures from research agency Locatus. The vacancy rate has risen considerably in the course of 2019. At the start of the year, the vacancy rate looked at the number of retail properties at 6.7 percent of the total. More than 2,700 stores finally closed their doors last year. "That is the highest number since we started measuring in 2004," says research director Gertjan Slob.

In any case, it is 40 percent more than a year earlier. The imagination of the branches of Hudson's Bay, of course, has filled the gap that had fallen for the bankruptcy of V&D in a number of cities. Because these are large buildings, that also counts in the vacancy rate in square meters.

According to Locatus, the vacancy rate is also increasing because the premises of the retail stores that stop doing so are being filled to a lesser extent with offices or catering establishments. "In recent years, around seven hundred buildings have been filled with catering outlets every year, in 2019 there were 239 considerably fewer." Half of the buildings were also converted into a home or office compared to a year earlier.

Source: nunl

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