30 Per Cent Rise in York’s Vacant Commercial Properties

Posted on 26 May, 2012 by MOVEHUT

The number of vacant commercial properties in the City of York has increased by 30 per cent since 2008. Four years ago there were 530 empty commercial properties, which included offices, shops, warehouses and public houses dotted around the city, but this figure rose to 688 in 2011.

Today the figure stands at between 648 and 697 unoccupied buildings, but the rate has slowed down dramatically from the initial burst in 2009. That year, the number of vacant commercial properties increased by 152, but the figure has remained steady ever since.

Speaking of the findings, Len Cruddas, Interim Chief Executive of the area’s Chamber of Commerce, said: “It feels to me that there are quite a few businesses doing well in York at the moment.

“The overall picture in York is strong and it compares favourably to the rest of the country. The underlying strength of York is its diversity – there’s lots going on over a range of sectors.”

However, businesses in the city are unfazed by the findings as many of them have recently celebrated anniversaries in the city. In addition, it has been reported that the City of York has one of the lowest retail commercial property vacancy rates in the UK – ten per cent lower than the national average.

Speaking of the opportunities available for businesses in York, Ian Floyd from York City Council, said: “The Centre For Cities report 2011 listed York as the third fastest growing city in the UK and our figures for registered business-rated properties reflects this, with a significant increase across the city since 2007.

“We have also seen a fall in empty business premises since this time last year.”


Do you run a business in York? Do you think the recent findings about vacancy rates will affect your business? Or do you think that having vacant commercial properties around the city simply means more business for you?




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions