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North Yorkshire beats the economic gloom

For sale board - housing

12:01am 16th February 2012

York and Harrogate are fighting back against the economic gloom.

The two North Yorkshire areas have some of the lowest shop vacancy rates in the country.

Only 10 per cent of buildings remain empty, lower than the national average.

Report Details

A new report on shop vacancy rates shows that York is one of the most resilient retail centres in the country.

The Local Data Company's (LDC) End of Year Vacancy Report, 2011, reveals that of the large centres in the country, the best performers in the north are York and Harrogate, both with vacancy rates below 10 per cent and on a par with European capitals Lisbon and Berlin.

The report also states that 85 per cent of the large centres in the region have an above average vacancy.

Councillor James Alexander, leader of City of York Council said:

"To further York's resilience as a retail destination, we've just announced the Economic Infrastructure Fund which, with our Reinvigorate York programme, aims to enhance the public realm, and we are also about to pilot a pay on exit car park to fulfil the  requests of the Retail Forum and Retail Strategy Group.

"I'm also delighted with the news that confidence in our retail environment and the city's ability to fill vacancies quickly during difficult economic times has been demonstrated by international retailer Urban Outfitters announcing plans to move into the former Habitat store."

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