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Landlords doing more to attract businesses

Tue, 03 Sep 2013


Landlords are starting to bring down the rents on empty shop units in the town centre.

That’s according to the Douglas Development Partnership which says it’s in an effort to do more to attract new business.

There are currently 27 vacant units on the high street – just over 11 per cent - meaning the Island is just under the national average for empty properties which is 11.11 per cent.

The partnership says it has ongoing dialogue with estate agents and businesses are interested in occupying a prime high-street spot.

Development manager Chris Pycroft says more is being done:

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