No clear winners from rating revaluation

Total Office Cost Survey 2016

No clear winners from rating revaluation

12/07/2017

Business rates liabilities account for a sizeable proportion of a business’s total occupancy costs according to the latest Total Office Cost Survey (TOCS) 2017.

Office occupiers across England have been left disappointed following the latest Rating Revaluation. The new transitional arrangements neither shielding occupiers from significant rises in their rates bills nor providing others with a meaningful reduction.
 
As TOCS 2017 reveals, for a new 50,000 sq ft office building, rating costs come in at between 10 per cent and 27 per cent of a business’s overall occupational cost depending on location.
 
To find out more, visit www.lsh.co.uk/tocs#insights


 
For further information relating to this news article contact 

Contact us now

Paul Easton
Director - National Head of Business Rates

0191 338 8277

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