The shop vacancy rate in St Helier has fallen to 7.5%.
Jersey Business says the drop from 8.6% at the end of last year is down to more new openings and existing retailers expanding their presence.
It's the first time in a year that the rate has been under 8%.
“Our retail landscape is showing its resilience, despite two years of the pandemic, and the resulting increase in online buying.
We’ve seen new openings this year, and the expansion of existing outlets. In addition, the plans from Le Masurier, to regenerate more than two acres of central St Helier (subject to planning approval), will provide a much-needed boost to the Broad Street area and bodes well for the future of the retail experience for customers and businesses." -Lorie Rault, Head of Retail, Jersey Business.
Separate data for 'covered shopping centres' of more than ten individual shops also put the vacancy rate at 7.5% compared to 19% in the UK. That includes Liberty Wharf and The Parade.
Les Quennevais shopping precinct was also measured separately. Its vacancy rate has remained static at 10%.
The UK high street vacancy rate is 14.1%.
The full report is available here.
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