A week rarely passes without more stories of the high street’s struggles. In the past decade several household name retailers have collapsed and many more suffer from poor sales figures.
Commentators usually place the blame for this situation on two things: Online shopping and businesses rates. This misinterprets the challenge facing the high street and ignores the reality that, in many places, the high streets are booming.
In Cambridge, York and London the high street vacancy rate is around 7%. While at the other end of the spectrum Newport, Bradford and Wigan have the most city centre vacancies, with more than one in five commercial units sitting empty. All of these places face competition from online retailers and councils in all of these places charge business rates.
High streets struggle because of the weakness of the broader city centre economy. Concentrating high-skilled exporting businesses within the city centre creates well-paying jobs and people with money to spend on high street amenities. For example, people in Cambridge, York and London have on average £634 more to spend every month than those in Newport, Bradford and Wigan.
The extra income, created by the high-skilled, high-paying companies that locate in the city centres of places such as Cambridge, York and London, generate footfall for high street leisure and other amenities. For example in Manchester, where the number of city centre workers has increased in the past 20 years, the number of high street amenities has also increased.
Many cities struggle to attract business investment and have high vacancy rates on their high streets. How can they improve their attractiveness to business and boost the vibrancy of their city centres?
This report explores the link between city economies and the strength of their high streets.
This briefing examines the limited economic benefit that enterprise zones have had five years on from their establishment.
Culture is an important part of urban life, but policymakers should avoid using state-backed cultural interventions to turn around the economy.
The recent focus on struggling high streets ignores the success of well-performing city centres and misdiagnoses the real problem: a lack of high-skill jobs
A strong high street does not necessarily need to have lots of shops. High streets with more empty units actually have higher proportions of shops, while those with fewer empty units have higher shares of food, drink and leisure amenities that do not compete with online retail giants.
Ensuring a supply of good quality office space for high-skilled businesses is also an important component of ensuring the high street’s survival. The proximity of office space to local conveniences, bars, restaurants, gyms and other amenities creates a permanent footfall for the high street.
Policymakers examining the most effective and long-term ways to save the high street should:
What's the right mix of commercial space and residential in the heart of a city? What can places do to attract more business investment and people to city centres?
The best way to create resilient town and city centres with a strong demand for local services is to encourage broader jobs growth
Ahead of next week’s budget, it is rumoured that the Chancellor will make it easier to convert shops into homes. How exactly he will do this is unknown, but it sounds like he will expand...
Cities need to weigh up whether their local property markets are meeting the evolving needs of businesses
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What impact did the Prime Minister's calls for people to work from home again, after attempts to get people back into the office over the summer, have on worker footfall in city and town centres?
September's update to the High Streets Recovery Tracker shows that the recovery of high streets has come to a stall in September.
Looking across data on footfall and sales suggests that while eating out did help out, the impact varied significantly across cities.
The Government launched the Eat Out To Help Out scheme to support the hospitality sector and encourage people to return to restaurants and cafes. More than 64 million meals were sold as part...
Tighter Covid-19 restrictions have not yet led to large falls in footfall in Manchester's local centres.
Overall city centre footfall rose this summer but London still has a lot of catching up to do.
People have returned to city centre shops and bars as lockdown has eased. But they haven’t responded to calls to go back to city centre offices.
The Centre for Cities High Street Recovery Tracker now includes data on spending. How does this relate to footfall?
The Eat Out To Help Out scheme and good weather are benefiting seaside towns more than big cities.