Edinburgh continues to have the lowest retail vacancy rate of the UK’s major cities, excluding London, despite the introduction of St James Quarter.
The latest analysis from commercial property consultancy Knight Frank found that despite the new shopping district contributing to the expansion of the city centre’s total retail space by 424,000 sq ft year-on-year - an increase of 25% - the number of vacant units remained steady at 13%.
The average vacancy rate among the UK’s top 10 major conurbations in the nations and regions was 21% by the end of last year. Across the M8, Glasgow’s rate stands at 22%.
