Tim Attridge

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... »