A report from the House of Lords' built environment committee reveals an optimistic outlook for high streets, but acknowledges significant ongoing challenges with high vacancy rates.
The report highlighted that 172,000 retail units are empty in the UK, with 80% of those being vacant for over two years, representing a persistent challenge.
The government’s previous approach to tackling empty shops—loosening planning controls—has led to poor-quality homes and has undermined the essential functions of high streets.
High street rental auctions, recently implemented, empower local authorities to encourage landlords to lease long-term vacant properties, signaling a proactive approach to rejuvenating high streets.
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