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Transport
The transport sector has its own unique operational, regulatory and safety issues. Every client has their own commercial objectives and our negotiators are best placed to assist with ensuring your premises rating valuation is correct and fair.
2023 Revaluation
The transport and logistics sector has seen sustained rental growth since the VOA last revalued property for business rates in April 2017. Those property valuations were based on market rental valuations from April 2015 and demand for warehousing has surged since then, with consumer demand increasingly focussed on online goods and services, something has been accelerated even further by the Covid-19 pandemic.
Like many businesses in the 'industrial' classification the 2023 rateable value is likely based on a potentially inaccurate 'snap shot' valuation that doesn't reflect an accurate rateable value for 2023.
RETAIL
The retail sector has undergone significant structural changes as consumers' shopping habits continue to evolve in the multi-channel world we now live in.
2023 Revaluation
The retail market was suffering on 1 April 2021, with rental levels showing significant falls, large incentives being agreed between parties and unfortunately, a high number of vacant units in certain locations.
Retail values have halved in some locations since the last Revaluation and we would expect rateable values, and therefore business rates, to follow.
It is adviseable to ensure that your assessments for both 2017 and 2023 are correct and reflect the state of the market accurately.
INDUSTRIAL
Whether you’re a landlord, tenant, start-up or established, we’re on hand to help with your industrial & logistics needs. We recognise that the industrial & logistics sector is often penalised by unfair and unwarranted non-domestic rating increases and a severe absence of government relief.
2023 Revaluation
Businesses response to changing habits in retail was to realign and streamline their supply chains. These factors resulted in unprecedented rental growth for industrial and logistics space across the UK.
Both the industrial and logistics sector has seen sustained rental growth since the VOA last revaluation. Indicators point to increases of up to 54% for premium warehousing.
Many businesses in the 'industrial' classification the 2023 rateable value is likely based on a potentially inaccurate 'snap shot' valuation that doesn't reflect an accurate rateable value for 2023.
Hotels
With our recognised and dedicated team of specialist hotel surveyors, we are recognised as one of the industry’s leading full-service advisors to the hotel sector.
The retail market was not in a good place on 1 April 2021, with rental levels showing significant falls, large incentives being agreed between parties and unfortunately, a high number of vacant units in certain locations.
2023 Revaluation
Hospitality revenues have halved in some locations since the last Revaluation and we would expect rateable values, and therefore business rates, to follow.
Ensuring that your assessment for 2023 is correct and reflect the state of the market accurately is essential.
OFFICE
Whether you’re a landlord or tenant in the corporate or public sector, a local business or an international brand, our qualified negotiators will help you secure the best rating valuation possible for your office space.
2023 Revaluation
With so many changes having been made to the way we live our daily lives, we have to ensure that Rateable Values for the Office sector are not left behind. The change in requirements for office space has led to greater demand for high quality space but for a different type usage, with more breakout space and differing formats.
Between the previous and current rating periods there has been growth in some areas of the market but decline in others, and there is a real possibility that this will not be correctly reflected in your assessments. It is worth taking professional advice so that thorough investigation can be carried out on your behalf.
Public Sector
Alternative property types are made up of a wide array of specialist property classes that are increasingly being recognised as mainstream businesses, including hotels, healthcare, education, leisure, student and private rented sectors.
2023 Revaluation
As demonstrated under the other headings on this page, all sectors have challenges for the forthcoming rating period… and these will be replicated for the myriad of properties occupied in the Public Sector.
Alternatives
Whether you’re a landlord or tenant in the corporate or public sector, a local business or an international brand, our qualified negotiators will help you secure the best rating valuation possible for your office space.
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