Take Back the High Street: Putting communities in charge of their own town centres – Power to Change Report
Greater community ownership of high street properties could lead to many fewer empty shops, compared to ownership by private-sector interests such as real estate companies and overseas investors.
- Shops owned by overseas investors are more than twice as likely to be vacant as shops owned by the public sector
- Real estate companies own one in four of all empty shops, and overseas investors own one in five; whereas the public sector and social sector  own around one in ten each
- Just 8% of units owned by the social sector are vacant, and 4.5% of those owned by the public sector – compared to 9.2% for real estate companies, 9.6% for overseas investors, 11.9% for institutions like pension funds, and 13% for investment management schemes