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Tuesday, 4 June 2019

Falling Retail Rents: Double Whammy

I found this article below very interesting:

https://www.thetimes.co.uk/article/look-after-the-rents-and-the-rates-will-look-after-themselves-xwcgdfjzk?shareToken=d1d4fb3f8a16cbed33083a03bfa3baf4

It seems to me that for those retailers that survive their "apocalypse" some relief may be on hand in the form of lower rents.

As well as the link above, I recently listened to the Pets at Home call, where they were talking about achieving 30% rent reductions, and others are achieving similar numbers.

What I hadn't appreciated is the additional benefit that when rents come down so, at some point, do business rates.

If you own a business where the shops remain profitable today, it seems to me there may tailwinds for years to come...

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