A new report has shed light on the future of the UK’s town centres, presenting a roadmap for the revitalisation and repurposing of vacant or underutilised buildings.

Lichfields, a national planning and development consultancy, says its ‘Out with the Old, In with the New’ report has arrived at a critical juncture for high street retailing, offering essential insights for landlords, investors and local authorities grappling with the challenges of envisioning the future of the nation’s high streets.

Key findings reveal the profound impact of economic, social and technological changes on department stores, with 85% of stores formerly operated by Debenhams, House of Fraser and John Lewis, among others, disappearing over the past decade.

Shopping centres have also faced significant challenges, with higher vacancy rates compared to high streets and retail parks. Footfall remains persistently lower post-pandemic, which Lichfields says emphasises the urgent need for innovative solutions.

The report highlights a shifting perspective among property stakeholders towards repurposing vacant buildings, and stresses the importance of cost-effective and environmentally-sustainable development, tailored to meet evolving market demands.

Lichefields says three case studies—Riverwalk in Durham, Cardiff’s Howells Department Store, and Deptford Market Yard in London—demonstrate how creative restoration and repurposing breathe new life into town centres, generating jobs and prosperity.

The report outlines ten key principles for successful repurposing initiatives, emphasising viability, flexibility and sustainability.

Laurence Holmes, Planning Director at Lichfields’ Birmingham office and the report’s author, said: “Our town centres are rapidly evolving. Asset managers, property owners, and landlords must be adaptable and consider radical repurposing to meet future demand.

“Utilising existing built assets has never looked more appealing or necessary.”