LANDLORD & TENANT UPDATE - NOTES FOR 2016
LANDLORD & TENANT UPDATE – NOTES FOR 2016
After an extended period of falling, followed by static, rental value within much of the South West’s commercial property market, our experience during 2015 suggests that the default assumption that there is no reason to trigger rent reviews may be in need of resetting.
Acting on behalf of a both tenants and landlords within the retail and industrial sectors, we have seen demonstrated rental growth – location and property specific, and by no means universal – but a tangible shift nonetheless.
Fuelled by improved occupier demand, and the opportunity to review leases settled during the recessionary climate, there is now very good reason to look seriously at rent reviews once more.
Hatfield White provide expert advice on all commercial property sectors throughout the greater South West, and would be pleased to consider and advise upon forthcoming rent reviews on behalf of commercial landlords and tenants.
For further information or an informal chat, please contact David White BSc FRICS
T: 01823 353033 / M: 0796 838 0022 / E: [email protected]