Secondary retail holding up well says St Albans agent
- Credit: Archant
The high street in general may be taking a bit of a battering at present, but one local agent insists that secondary retail is holding up well in St Albans and Harpenden.
Areas off the main shopping strips, including Holywell Hill in St Albans, are doing fine according to Matthew Bowen of Aitchison Raffety, despite the current handful of empty units.
He said: “Whilst undoubtedly some restaurant chains and the larger multiple retailers in the prime locations have found trading tough, any units which have become available have received significant interest levels and deals are being achieved quickly.
“A good example is Holywell Hill which is normally a good barometer of the market and in the last six months we have had three units which have come on to let and one for sale.
“Two have already let, one sold at record levels and the other unit is under offer.”
You may also want to watch:
Matthew added that a retail unit on London Road has received more than 10 offers since Aitchison Raffety started marketing it, and a unit on Victoria Street was let before it was put on the market.
“This is important for the viability of the retail centres,” he said.
- 1 Rapid community COVID-19 testing launches in Hertfordshire
- 2 Which Herts communities have seen the biggest rises and falls in COVID-19?
- 3 Harpenden St George's and Old Albanian well represented in England's Six Nations squad
- 4 Police swoop on organised gangs as part of major operation
- 5 How many people in St Albans were fined for breaking COVID rules?
- 6 West Herts midwives to take to the skies in NHS charity skydive
- 7 Hitchin and Harpenden MP responds to questions over new £2,500 a month part-time role
- 8 Remembering one-of-a-kind local legend Lee Bozier
- 9 Stamp duty holiday extension to be debated in Parliament
- 10 When One Direction, Ed Sheeran, The Police and Led Zep played Herts gigs
“Vacancy rates are around 3 per cent out of the prime areas of Harpenden and St Albans.
“This is encouraging and shows whilst there is negative news, it doesn’t seem to be affecting the local area. Long may this continue!”