A total of 11pc more property agents reported a fall in interest from retailers rather than a rise compared with the final quarter of 2011, according to the latest commercial market survey from the Royal Institution of Chartered Surveyors (RICS).
The declining demand is despite the number of empty shops on high streets already being at record levels of more than 14pc. The survey dampens hopes of a recovery in the retail property market.
The collapse into administration of retailers Game and Peacocks have been high-profile examples of the tough conditions on the high street, which have seen hundreds of stores close so far in 2012.
However, before the new RICS survey, high streets had been given hope by an easing of the eurozone debt crisis and economic data suggesting growth in the economy and consumer confidence. Read More
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