Altrincham’s vacancy rate has decreased and is now below 10% for the first time in a decade.
The area’s vacancy rate continues to rise above national trends, dipping below 10% for the first time in a decade. This is a great achievement for Altrincham. Just seven years ago, the town had one of Britain’s worst vacancy rates – with a figure above 30%.
The proportion of empty units now stands at 9.5%. This rate has decreased by 14.4% from March 2016. Impressive footfall figures were noted over the Christmas period.
Positive trends continued into 2017. Visitor rates rose by 8.2% – compared to 2016 – during the first 3 months of the year.
Business Improvement District, Altrincham Unlimited, were delighted that the town was able to sustain positive trends during the new year. Altrincham town centre’s ability to outperform the rest of the UK in this way marks a ‘milestone’.
The low vacancy rates can be linked to efforts to regenerate Altrincham town centre. Recently, there have been ‘high quality’ openings in the town centre.
Katie Bland, BID manager for Altrincham Unlimited, said there were new openings in the retail and food and drink sectors.
“It’s particularly pleasing to see a number of successful businesses from elsewhere in the North West choosing the town for their next venture”.
Businesses that have expanded in Altrincham include authentic tapas bar, Porta and Chester’s, The Contemporary Art Gallery.
The town is reportedly now ‘thriving’. Investments have helped its growth. Over the past six years stakeholders have worked to improve the town centre.
Altrincham Unlimited will “continue to encourage investment in Altrincham”.