Offices - Tenants in short supply
WORKERS, JAN 2013 ISSUE
Photo: Workers
The BBC has discovered that London’s Shard, the tallest structure in Europe, has no financial tenants. The Pinnacle, which if ever finished will be the second largest building in Britain, was started in 2009 but is still only half complete as work keeps being halted. In the City, Cannon Place is also empty and the Walbrook Building has only filled one sixth of its space.
The British Retail Consortium reports that over 1 in 10 high street shops (11.3 per cent) are empty, the highest number since it started gathering figures. In Wales and the North of England the figure is 15 per cent.
As Comet joins the list of casualties such as Blacks, Clinton and JJB, shopper figures for October were 2.6 per cent lower than for the same month last year. ■