What effects does over-renting have on London retail premises in the current economy?

Egerton, Thomas (2013) What effects does over-renting have on London retail premises in the current economy? BSc dissertation, University of Portsmouth.

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    The independent study was based on the retail units in London’s main retail area. The understanding of this sector within the property industry is intriguing due to the history behind the retail units and what each and every unit can provide us all with. How each unit has been sold previously, at present and in the future creates an uncertainty for the Landlords and Tenants due to the forever changing market with the current technology and building materials always improving retail units.

    However, as a country we have an over renting crisis on our hands, which is clearly not benefitting anyone in this current economic climate. Therefore the research is aimed straight at the heart of the source ‘London’. London is the capital city of England and is well known around the world for its retail area’s and business appetite. London’s main retail area is in the West End of the city, which is most known worldwide. As we all know London represents England as a city attracting business and revenue from all corners of the planet. Therefore they have demanded the highest rents for their retail units for over half a century, although we have been through three recessions and one ‘double-dip’ recession.

    The rent for the units are currently based on previous rents in the City of London and have almost always been upwards only rents, therefore the rent has only ever increased over the last 50 years. This is the issue that the research solely investigates to gather reasons, or solutions for the retail rent prices in London which will hopefully reflect upon the rest of the country.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Civil Engineering and Surveying
    Depositing User: Alice Bentley
    Date Deposited: 27 Feb 2014 12:53
    Last Modified: 28 Jan 2015 12:34
    URI: http://eprints.port.ac.uk/id/eprint/14389

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