Posted by: tteditor | February 26, 2010

High Streets show start of recovery

NewsThe Hounslow Chronicle reports on how signs of economic recovery can be seen by looking at the recent numbers of empty shop spaces around the borough – with 23 empty units in Twickenham compared to 35 in November. Teddington High Street has officially seen a slight increase from 7 to 8 (up to November) but more recently with the demise of 2 off-licenses along that belonged to First Quench group, Tops Tiles, Caroline Turner Shoes and now Subway, the total is now nearer 10.

Previous recessions seemed to hit shops hardest with many empty units blighting most high-streets. This recession seems to have hit offices harder with more To Let signs popping up every month. Severe cost-cutting has led to many businesses to merge different office locations or simply to downsize their office space after redundancies and take advantage of the current ‘buyers market’ in office space.

High profile office spaces in Teddington that fall into this category are Informer House (now merged elsewhere), Park House (pictured below) which will see all current residents merge with other locations later in the year and Somerset House which is in the pre-planning stage to be torn down and replaced with a smaller office and 51 dwellings.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Follow

Get every new post delivered to your Inbox.

Join 307 other followers