Rent hikes killing high street shops
Rent hikes killing high street shops
- 1991
- Sunday Times 9/6/91 p3 .
Retailers call for traditional 25-year leases with rent reviews every five years to be replaced by shorter term leases with rents fixed on percentage of turnover. Many landlords are seeing their assets dramatically falling in value due to weak demand and oversupply with the increasing number of vacant premises.
LEASE TERMS
LONDON
OXFORD STREET
RECESSION
REFORM
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
SLUMP
SUPPLY AND DEMAND
Retailers call for traditional 25-year leases with rent reviews every five years to be replaced by shorter term leases with rents fixed on percentage of turnover. Many landlords are seeing their assets dramatically falling in value due to weak demand and oversupply with the increasing number of vacant premises.
LEASE TERMS
LONDON
OXFORD STREET
RECESSION
REFORM
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
SLUMP
SUPPLY AND DEMAND