London’s Oxford Street is lined with more empty units than the average British high street, new data from Local Data Company (LDC) and Retail Week has revealed.
The vacancy rate on the famous shopping strip is higher than that of the average British high street and the rest of central London, according to the exclusive data.
A survey of the street last month revealed that 42 of Oxford Street’s 269 shops stood empty, a vacancy rate of 16% – up from 13% which is the average vacancy rate for high streets in central London and 14% for shopping streets across the rest of Britain.
Regent Street also had fewer empty stores with 22 of its 165 units unoccupied, a rate of 13%.
Image Credit: Retail Gazette