Looking for office space on Bold Street in Liverpool could be a wise move for some businesses, given that this particular part of the city is bringing people over in their droves.
Speaking to the Liverpool Echo, chief executive of the Liverpool City Central Business Improvement District (BID) Bill Addy said: “The vacancy rates are significantly lower than in the past and also compared to the national average for high streets. They are a new breed of entrepreneurs. They often open their first shop on Bold Street and then expand into other parts of the city.”
Figures from the BID show that the number of shoppers coming to this street have climbed by 50 per cent in the last year alone. Both shop owners and bosses at the BID say this is down to a hike in the number of independent retailers and restaurants in the last 18 months.
The majority of shops on Bold Street are now let, although there are still sites like the former Waterstones bookshop and what was once the Lyceum. However, as Mr Addy explains, these are large listed buildings which makes them harder to let.
Businesses looking to make an impact on Liverpool may want to align themselves with the BID, which has an in-house marketing and communications team dedicated to promoting and marketing its members. Any events and promotions in a certain area can be promoted and supported by the organisation. There are two Liverpool BIDs, covering around 1,500 businesses across all sectors that employ more than 100,000 members of staff collectively.
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