Surge in rental values is changing business rates

Posted on 15th December 2015 by Darren Best

Business rates in the UK are based upon what a property was worth back in April 2010. Since then there has been a huge surge in rental values is areas such as Shoreditch, London Bridge, Southwark, Waterloo, Camden, Kentish Town and other fringe areas. In 2010 rents in these areas ranged from £15-£20 per square foot in Shoreditch up to a maximum of around £45 psf.

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