Around 40 per cent of former Woolworths stores are still unoccupied, according to the latest research.
Property investment firms are struggling to find tenants to fill vacant high street commercial developments, it has been claimed.
According to the Local Data Company (LDC), 40 per cent of the stores vacated by the collapse of Woolworths remain empty, equating to over 300
commercial development properties.
Of the 807 former sites occupied by the chain, 2.1 per cent of them are now on their second tenant, while discount stores and supermarkets have accounted for 37 per cent of take up.
LDC business development director Matthew Hopkinson claims it is worrying that many of these unoccupied premises are in normally high-demand areas.
He added: "Are the rents being asked not realistic or are the buildings in significant need of repair or refurbishment?
"Clearly, something will surely have to happen."
Research from the Forum of Private Businesses recently established that many UK banks are under-valuing business properties when they are being put up as security for business loans.
Posted by Hadji Singh
Latest News 
