alt Hacker NewsIt comes down to money and the cost of living. Landlords are extracting rent, no room for entrepreneurship.
A race to the bottom, but I wouldn’t blame Amazon. Large multinational chains were hollowing out high streets and making them less pleasant before online shopping.
As another comment said, councils and government should treat high streets more like public commons, prioritising independent businesses and making places distinctive.
What frustrates me is that even prosperous areas with new developments rarely make space for small businesses. Instead, we get “private equity” chain.
Ugh, one I saw recently was Bristol University’s new campus by Temple Meads. The wall between the campus and station could have been lined with small, affordable units for independent and student-run businesses. Would love to browse a few interesting shops or grab a decent sandwich before catching a late train. 23m for a new entrance but where are the opportunities. (This is based off the media announcements, not walked through there yet)
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I rent a workspace outside of my home, I'm paying less than 150 quid for a room in a light industrial zone. Gives me space for my fun stuff as well as work. I love having my own space, and it's very affordable.
I was just looking at the prices for city centre commercial rental in my nearest town. Huge spaces available, it's generally more per month, and I'd be worried about the rates threshold, but at a lower price point we'd be in business.
I think there's something to that. More people using a centre for work would create more opportunities in towns.
Again, I think the challenge the UK has is the gross differential between incomes and the cost of buying or renting property. Unsustainable, and very much part of these morbid symptoms.
What makes vape and nail shops uniquely able to afford these rents?
That is a very valid point. However, I suspect that some of the businesses that managed to survive transitioned into operations that function solely as fulfillment centers for dispatching packages.
The issue with that approach is that it results in numerous vacant spaces, which fail to attract enough foot traffic to be appealing to other businesses.
There was a struggling shopping mall near my home. Many retailers left the premises after one of the big stores shut down. Recently some other big brand occupied the space, in a couple of months besides it there is a Samsung store and an apple store. Now all spaces are busy and they stay busy all week long.
This makes me suspect that we highly optimised for the "2010s" online era without considering the side effects.
Don't forget the brutal taxes in the UK in relation to the current economic circumstances.
The UK economy has faltered and not had a chance to recover since 2008. The more recent improvements really because of a reproachment of Brexit and global concerns around the US are welcome but not necessarily structural improvements in the UK.
It's no coincidence that the businesses that can easily evade tax and usually also sell illegal goods are the ones that dominate the high street.
It’s the single biggest problem facing society. If we could stop this rent extraction the economy would prosper.
San Francisco forbids formula stores in many places. Okay, so we don't have a Chipotle and a Nordstrom Rack on Valencia St, but then a burrito on it costs $24.
> councils and government should treat high streets more like public commons, prioritising independent businesses and making places distinctive.
You're advocating central planning.
The real problem is that it's very hard to build stuff in the UK. This is a choice that the people have made and the status quo still continue until they choose differently.