Retail vacancy rates in Farnham, Surrey, increased from 9.15% to 10.46% in the fourth quarter of 2024, with the number of empty units rising from 14 to 16, signalling potential challenges for landlords in the town, according to the latest data collected by Curchod & Co.
However, several high-profile brands, including Hotel Chocolat, Pret and Cornish Bakery, are actively seeking expansion space – a trend that could reverse the rise in vacancies if suitable units become available.
The shifting retail landscape in Farnham is also being shaped by changes in the banking sector. The former NatWest Bank building in The Borough has now transferred ownership, with redevelopment plans in the pipeline expected to reshape the use of the site. The new owners are awaiting the result of a planning application submitted for a self-contained retail/restaurant unit, which will be brought to the market with Curchod & Co. Meanwhile, with the closing of the town’s branch of Barclays Bank, further retail space to the market is likely to come to the market.
Harry Ford of Curchod & Co in Farnham said: “While the increase in vacancy rates presents short-term challenges, the demand from well-known brands highlights Farnham’s continued appeal as a retail destination. The potential arrival of new national operators could strengthen the town’s retail offering and increase footfall, benefiting both existing businesses and future occupiers.”
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