LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Prime office occupiers in regional cities face rate hikes of up to 44% – London Wallet

Mark Helprin by Mark Helprin
July 24, 2025
in Real Estate
Prime office occupiers in regional cities face rate hikes of up to 44% – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

What is currently happening in the UK property market? – London Wallet

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

Businesses occupying top-grade office space in the central business districts of Birmingham, Leeds and Manchester are set for significant increases in their business rates bills from April 2026, according to analysis by Colliers’ Business Rates team.

Colliers estimates that occupiers of prime Grade A office space in Birmingham could see their rates bills rise by as much as 26% next year. In Manchester, bills are expected to increase by 25%, and in Leeds, the increase could be as high as 44%. 

The increases are attributed to strong rental growth for best-in-class office space, which has remained in short supply and high demand in all three cities.

Analysis of rental values at the Valuation date of 1 April 2024 indicates that rateable values have surged since the previous rating list, with Birmingham’s rateable values (RVs) rising by 45%, Manchester’s by 44%, and Leeds’ by 67% over the past three years.

Colliers expects these changes, combined with an anticipated Uniform Business Rate (UBR) of £0.48 for 2026, to result in substantial increases in rates liabilities for prime office occupiers. 

For 2026/27, business rates bills per square foot in Birmingham are forecast to rise from £15.98 to £22.15, in Leeds from £12.37 to £19.69, and in Manchester from £15.21 to £20.90.

John Webber, head of business rates at Colliers, said: “Of course we are talking about the best office space in these regional centres – in the CBDs – and there will be poorer stock elsewhere not seeing such a high growth in rental values and therefore in liability.

“Similarly, even with these hikes, the rents and rates bills in these business areas will still be significantly more attractive than in London. Our recent London office research estimated that 13 out of 27 London business areas will have business rates bills based at over £40 per square foot after the Revaluation. These regional centres are generally about half of that.

“Even so, in the local regional market these rises will be significant – and all point to the increasing burden that business rates bring onto businesses, at a time when they are facing other rising costs elsewhere. This may curb further investment and expansion. 

Webber added: “Finance directors and CEOs of businesses in prime regional office space will need to be budgeting and planning for increased office occupancy costs within their property strategy, and using really robust local market expertise to challenge any inappropriate increases published in the Draft List later this year.”

The 2026 Revaluation, set to come into effect from next April, is expected to impact business planning for many office occupiers in regional city centres as they assess future occupancy costs.





Source link

Share30Tweet19
Previous Post

London leads on energy-efficient home sales but regions close gap – London Wallet

Next Post

Real estate’s gender gap ‘narrowing at senior level’ – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet
Real Estate

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

October 10, 2025
What is currently happening in the UK property market? – London Wallet
Real Estate

What is currently happening in the UK property market? – London Wallet

October 10, 2025
The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet
Real Estate

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

October 10, 2025
Tories pledge reform of Welsh version of stamp duty – London Wallet
Real Estate

Tories pledge reform of Welsh version of stamp duty – London Wallet

October 10, 2025
Next Post
Real estate’s gender gap ‘narrowing at senior level’ – London Wallet

Real estate’s gender gap ‘narrowing at senior level’ - London Wallet

Related News

Vance warns the war is not going to end ‘any time soon’ as the US scales back mediating peace – London Business News | London Wallet

Vance warns the war is not going to end ‘any time soon’ as the US scales back mediating peace – London Business News | London Wallet

May 2, 2025
DWF Labs launches M fund for Web3 projects in China

DWF Labs launches $20M fund for Web3 projects in China

July 4, 2024
Aventon Level 2 commuter e-bike at ,499, EcoFlow DELTA 2 at exclusive new 0 low, Anker SOLIX EverFrost 2 coolers 0 off, more

Aventon Level 2 commuter e-bike at $1,499, EcoFlow DELTA 2 at exclusive new $360 low, Anker SOLIX EverFrost 2 coolers $200 off, more

March 24, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?