The volume of empty shops on Yorkshire & Humber’s high streets climbed again during the early part of the year with fewer businesses looking to open new premises, according to the Royal Institution of Chartered Surveyors
A growing number of surveyors in the region believe retail premises are losing their value as the high street continues to suffer, with no apparent respite in sight.
Demand for offices seems to be increasing in the region, according to the RICS.
RICS Yorkshire & Humber spokesman Richard Corby says: “The market has seen an upturn in enquiries across all sectors since mid-January but this has yet to show itself in transaction levels.
“With more fluid lending policies, the market would improve but, at present, occupiers and investors are showing a very fragile level of confidence. There are serious concerns about out of town shopping affecting town centres, but with the continued lack of uptake in vacant units by national retailers, there is a real opportunity.”