What is the impact of business rates on property rental values?

Publication Date 10 Dec 2015
Title Business Rates: Who Pays and Why it Matters
Category BCO Research & Policy
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Description A collaborative research report on business rates commissioned by the British Property Federation, British Council for Shopping Centres and the British Council for Offices found that over a period of two to three years that around three quarters of any increase in business rates is transferred to landlords as occupiers push for lower rents. The link between business rates and rents is stronger in London than in regional markets. The relationship between rental values and business rates is clearest in the retail sector but can also be seen with offices.