Retail Group Built Environment
Growing consumer confidence has increased retail activity in recent years. Despite Brexit and Covid-19 we are continuing to see strong interest in retail space, particularly in the prime high street units and shopping centres.
We see a growing number of turnover based rents, with landlords rebasing the level and nature of the rent in many cases. Upward only rent reviews remain in place for many leases but have been outlawed for leases created since December 2009. When lease terms expire, the tenant has an opportunity to reset the rent to market rates.
Our team of legal experts is particularly active monitoring all the developments in the sector and responding rapidly to the ever changing needs from economic, political and social developments.