It's not all bad news
Language: English Series: Estates Gazette ; (0802) 19 January 2008, 138-140(3)Publication details: 2008Subject(s): Summary: Considers the effect of business rate liability on rents in the City and West End. The 2009-10 rating revaluation may see the rates for some offices double in value. This is belied by the Valuation Office Agency's Property Market Report which expects less dramatic increases, its figures being dampened by a lack of open market rental evidence and the widespread use of incentives such as rent-free periods. Details the mechanics of rate liabilities and revaluations. Argues that if the economy remains buoyant then the medium to long term future for office rents may not be gloomy.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L142046 (Browse shelf(Opens below)) | 1 | Available | 142046-1001 |
Considers the effect of business rate liability on rents in the City and West End. The 2009-10 rating revaluation may see the rates for some offices double in value. This is belied by the Valuation Office Agency's Property Market Report which expects less dramatic increases, its figures being dampened by a lack of open market rental evidence and the widespread use of incentives such as rent-free periods. Details the mechanics of rate liabilities and revaluations. Argues that if the economy remains buoyant then the medium to long term future for office rents may not be gloomy.