The
commercial property sector is to come under further pressure during 2012 in the
light of the current economic climate and the uncertain times ahead for the
Euro Zone. Both rental and capital values started to show sign of
weakening during the Q4 last year and are expected to continue to decline
during 2012 as the continuing uncertainty over the future of the British
recovery continues. Tough market conditions in the retail sector have led
to have affected high streets across the country. Even the usually
resilient London market is starting to show significant
stress with rental levels and capital values starting to decline as the number
of potential transactions slows.
However,
all is not lost! With the decline in value for the landlord comes the
increase in opportunity for the tenant. Now is the ideal time to
undertake a comprehensive review of all your lease and occupancy arrangements.
·
Are you able to exercise any lease breaks?
·
Are any leases up for rent review?
·
Are you holding over?
·
Have your business needs changed?
·
Is your occupancy at the optimum?
·
Could you place any non essential requirements in better value
accommodation?
·
Is there an opportunity to outsource activities?
Every cloud
has a silver lining, see what lies behind this one for your business.
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