No shoppers, no sparkle at London's Regent Street

London’s Regent Street has always been popular with more affluent tourists, so when Covid-19 hit, many shops in the area suffered financially. — Pexels

Regent Street, London’s premiere shopping thoroughfare, is struggling to shake off the lingering effects of Covid-19.

Store vacancy levels, at a record 12%, are almost twice what they were at the end of 2019, while asking rents for the best space on the street have fallen by more than 30% during the pandemic, according to Savills.