The High Street Retail Lease Consultancy team advise occupier clients on all aspects of tenant work including rent reviews, lease renewals, lease restructuring, preparation of third party submissions and counter submissions and preparation of expert witness statements for court.
Our objective is to arrive at rents that accurately reflect prevailing market conditions. Our lease consultancy surveyors work exceptionally closely with our agency surveyors, adopting a practical market-led approach to valuation, ensuring that our clients never pay more than they should.
how you benefit
The lease consultancy team work closely with the retail agency team who provide invaluable insight into current and future levels of demand and advice as to how retailers are performing.
Our retail planning and development teams provide input on relevant planning issues and current and proposed development activity.
Our retail research team provides input on current and future retail trends. We also have access to a comprehensive property database, containing rental history information and current details and requirements. We accurately assess the quantum of rent and lease terms that could be obtained in the market on a practical, as opposed to theoretical basis. Meaning we obtain prompt results for clients on lease terms and at rental levels that not only align with the market, but also with the current and future business needs of our clients.
In this note, we set out the key issues which Brexit is already raising for retailers. Migration controls and currency movements may mean workers are less ready to work in the UK retail industry, which may increase time and cost. Currency devaluation will also generate more general cost inflation, though not everyone is a loser from these effects, and cost increases may spur yet more innovation in an already dynamic sector. The good news is that this year isn’t all about Brexit. The bad news is there are other more pressing concerns in 2017, with the rating revaluation and apprenticeship levy among the factors which retailers will have to grapple with. As always in retail, the winners will be the most agile and forward-thinking.