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Out-of-town retailers have been given a confidence boost with news that low vacancy rates are indicating the sector is stronger than what recent high-profile casualties may have implied.

Despite the administrations of big names such as Maplin and Toys R Us UK, new research carried out by real estate advisor Savills has revealed that just 5.96% of out-of-town units in the UK are unoccupied. The retail sector’s overall vacancy rate by unit was 10.86% in 2015.

In terms of square feet, just 3.62% of out-of-town retail space currently lies vacant, lower than the 5.36% rate in 2015 and 6.76% in 2012.

Mark Kozo, Head of Marketing at Portman Asset Finance, said: “There has been a lot of bleak media coverage surrounding the administrations of high-profile out-of-town retail businesses recently, so it’s great to hear that the over-riding picture for the sector is actually a positive one.

“It represents particular good news for those retail businesses looking to expand or innovate their offering, or new-starters planning to launch a fresh enterprise.

“Paying for a store fit-out and the resources you need to achieve this can be very expensive, so accessing fast and flexible funding through an asset finance agreement is an ideal way of securing a sound investment that can enable your business to grow.”

Discover more about our finance products for retail businesses here, while our expert Account Managers can be reached on 01604 321 995.

Portman Asset Finance