small business rent

To Rent or Buy Your Property? What Small Businesses Should Consider

To Rent or Buy Your Property? What Small Businesses Should Consider

Successful businesses are often faced with the challenge of outgrowing their current premises, and needing to relocate to a larger space. One of the fundamental decisions to be made at this juncture is whether to rent or buy. Securing a property which suits the structure of the business is crucial to its future success. The nature of the business’ requirements and the local market are both factors to give regard to when deciding whether to rent or to buy. However, there are many additional issues to consider. Choosing to rent Many businesses choose to rent their commercial premises due to the fact that there are generally a far greater number of rental opportunities in the market place and a significantly lower amount of upfront capital is required. When a business rents premises, they usu... »

Regional Small Businesses To Pay Less Rent

Regional Small Businesses To Pay Less Rent

Regional retailers are set to benefit from increased rent relief come while London shop owners have to expect to pay more, according to new research from CBRE. The survey, which tracked the percentage rateable value movement from 2010 to 2017, has revealed that smaller cities such as Bristol, Leeds and Aberdeen will experience a rateable value decrease of at least 33%, with the southwest city topping with list of benefactors with deductions of up to 44%. Such a reduction in rateable value presents a good opportunity for retail business owners to possibly increase their number of premises in these cities, such is the reduction in occupancy costs. However, the decrease will not be felt in nation’s larger cities  – particularly the capital. Central London areas such as Mount Stree... »