The Business Exchange Bath & Somerset Issue 27: Spring 2023 | Page 36

COMMERCIAL PROPERTY

Bath city centre is bouncing back

As the city eyes a return to pre-pandemic levels of trade , there is positive news to celebrate . In the coming months , over 20 businesses within the city-centre are set to open or expand .
Showing how Bath remains a vibrant and popular destination , homeware and clothing traders , gift shops , food and drink outlets and a leisure venue are among the new businesses bringing properties back into use .
New real estate data for the city shows that vacancy rates for retail premises are currently between 3 per cent and 4 per cent , significantly lower than the 10.2 per cent average high street vacancy rate in the UK .
According to the Bath Business Improvement District , footfall within the city centre is showing a strong recovery , close to the 2019 levels .
Recent business openings in Bath city centre have included Haus Homewares , Beats of Bath , Kokoro , Pieminister , Sweet Little Things , Lane 7 , Edesia and Sobey ’ s Vintage .
The businesses opening soon include :
• Burger King , Southgate Street
• Budo Ba , Argyle Street
• The Milsom , Milsom Street
• Leon , Stall Street
• Knoops , Old Bond Street
• Rosa ’ s Thai , Cheap Street
• Watchhouse , Old Bond Street
• Zara , Southgate
Several other stores are also coming to Bath soon with planning and licensing applications having been submitted to the Council .
The Council ’ s income from its commercial properties is built into the budget as a funding source that contributes to providing frontline services .
Councillor Mark Roper , cabinet member for Economic Development , Regeneration and Growth , said , “ It is very encouraging to see this excellent take-up of our commercial properties and the number of new businesses coming into Bath . Recently we ’ ve seen strong demand from a mix of retailers who have been attracted to our commercial lettings and the fact that Bath is a great location to do business . We are pleased to be able to support them and ultimately help revitalise our high streets .”
Allison Herbert , Chief Executive of Bath Business Improvement District , added , “ I am very pleased to see so many new businesses coming into the city . The BID team works hard to engage with prospective investors , providing insights from our data projects and pointing them in the right direction .”
“ It is very encouraging to see this excellent takeup of our commercial properties and the number of new businesses coming into Bath ”

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