High Streets See 12.5% Vacancy Rate Amid Regeneration Efforts

One in eight properties, or 12.5%, on British High Streets are currently vacant, according to Green Street, a property and retail analytics company. Aberdeen's city center is undergoing a revitalization effort, with the local council investing tens of millions to attract visitors and fill vacant stores. A major redevelopment of the seafront and the introduction of an indoor food and drink market are part of this initiative. The situation highlights a trend affecting town centers nationwide, where empty shops can deter shoppers and investment, impacting local economies and property values.