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London Oxford Street vacancy sinks to historic low

Savills says retail is booming again on key thoroughfare
The new Ikea City on Oxford Street. (CoStar)
The new Ikea City on Oxford Street. (CoStar)

Vacancy on Oxford Street, the key London retail thoroughfare, fell to 0.5% for the first quarter of the year, the first time it has fallen below 1% since the first quarter of 2019, before the pandemic began.

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