Commercial rent

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JattAmg

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Is it possible to check how much rent a commercial business is paying for their premises?
 
Is it possible to check how much rent a commercial business is paying for their premises?

If it's rented premises then in principle, no.

If you have access to the business' annual Accounts it will show total expenditure on rent, but normally you won't have access to these, and even if you do then the total expenditure on rent might cover more than one location.
 
Also, in the event that there's a rent review or dispute about rent in a commercial property, what sometimes happens is that an arbitrator or surveyor will send out letters to other businesses in the area occupying similar properties asking them how much they pay, though these businesses are under no obligation to respond. But if they do respond, then these figures can be used for calculating an average cost per sq ft in the area.
 
In short No. (I am a commercial Surveyor - and sometimes this information would be useful).

There are some industry websites that will sometimes have deals done on them. But you have to be wary as they rarely have full details.

Depending on why you want to know, it's often possible to have a frank chat as tenant's should stick together conversation.

To really devalue a rent you need to know not only what the rent is, but also the rent free, the date the rent was set, and the floor area as a minimum. Retail is even more complex - read up Zoning.

^Someone up the thread referred to the RV. This is the rental value specific to certain conditions and as at a specific date. Currently 1 April 2010, shortly to be updated to 1 April 2015. There can be good reasons for this differing from the actual Rental Value.
 
As an ex commercial renter, for my business, I would say it was almost impossible to find the actual rent paid. As other have said, rent free periods, usually only apply when you first move in, but may be many months or even years. The advertised rent rate is always negotiable and is usually reviewed on a 5 yearly basis usually up, but may also go down if the landlord has many properties on the estate he has difficulty in renting. It is also dependant on the size of building. Larger premisses are usually much cheaper per square ft/metre than smaller properties. It would also depend on what class the property is, https://en.wikipedia.org/wiki/Planning_use_classes_in_England
 
Thank you gents.
 

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