Minister Proposes Amendments to Tackle Vacant Commercial Properties

The Economic Development Minister has expressed support for a proposal aimed at reducing the number of vacant commercial properties in Jersey. Deputy Kirsten Morel announced his intention to amend the original proposition, introduced by Deputy Helen Miles, to ensure that any measures taken are both “proportionate and achievable.”

Deputy Miles suggested implementing a mechanism that would discourage prolonged vacancies in commercial properties, including potential penalties for properties that remain unoccupied for extended periods. In his response, Deputy Morel acknowledged the positive intent behind Miles’ proposal and emphasized the importance of revitalizing Jersey’s retail areas to enhance their economic resilience. He stated, “I wish to acknowledge the well-intentioned nature of Deputy Miles’ proposition and support the aim of reducing vacancy in commercial properties.”

To address the challenges posed by vacant properties, Deputy Morel’s amendment aims to create interventions that maintain a balance between robust regulation and Jersey’s appeal as a business destination. He highlighted successful initiatives that have encouraged “meanwhile use” of retail units in St Helier, indicating a willingness to collaborate with retailers, landlords, and local officials in other regions of the island.

In addition to his proposed changes, Deputy Morel intends to introduce a requirement for a review of commercial lease structures and to establish best practice guidelines for property maintenance by the end of 2026. He also plans to conduct a comprehensive assessment of all commercial properties across the island, including retail spaces, to pinpoint areas of significant vacancy. This data will inform future policy-making aimed at reducing vacancy rates.

The proposal is scheduled for discussion during the next session of the States Assembly, commencing on November 11, 2023. As Jersey grapples with issues related to vacant properties, the outcome of this debate could have significant implications for the local economy and community vibrancy.

The focus on commercial property vacancies aligns with broader discussions on how to adapt to contemporary economic challenges. As Deputy Morel noted, there is an urgent need for greater understanding of the evolving economic landscape, particularly the role of digital innovation in driving future growth.

As the assembly prepares to deliberate on this critical issue, stakeholders across Jersey will be watching closely to see how these proposed changes may reshape the commercial property landscape and impact the island’s economic future.