Viewpoint - 12/07/2017

No clear winners from rating revaluation

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.

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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.
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