Businesses across the Capital will need to be aware that their rating assessments are currently being re-valued with the new Rating List coming into force on 1st April 2017.
Click on the map to view business rate changes by London area or select an area from the dropdown.
The new rating list will come into force next year and the anticipated changes in business rates for this locality are set out below.
* April 2010 and April 2015 reflect Antecedent Valuation Date
The Isle of Dogs is the secondary office market in the Docklands, and is becoming progressively overshadowed by Canary Wharf. At 6.2 m sq ft, it is around half the size of Canary Wharf.
The main concentration of stock is to the South of Canary Wharf, at South Quay and Marsh Wall. Future conversion of buildings to residential could reduce the stock in the long-run, much of which was constructed in the 1980s or 1990s.
The success of Canary Wharf has left the Isle of Dogs struggling to find a role. Often it is marketed as affordable space, due to its proximity to Canary Wharf.
New waves of development in Greenwich, Canada Water and Stratford could also increase future competition for the Isle of Dogs when competing for tenants seeking affordable offices in East London.
The occupier base is a mix of telecoms firms and back offices. The public sector is another prominent occupier group. There are also a number of disaster recovery locations and data centres, due to strong telecoms and power infrastructure in the local area.
Find out how Knight Frank's Business Rates team can help save you money. Contact us today or calculate business rates.
The new Rating List will come into force on 1st April 2017 and this will herald changes to the level of business rates charged across the Capital.
Our heat map reflects the anticipated impact businesses will face next year within each submarket. Those with the strongest increases are in dark red and those in the lowest are in lilac.
By way of background, the rating lists are based on the rental market two years before the list comes into force.
The 2017 Rating List will reflect the changes in the rental market between April 2008 and April 2015.
contact the team:
+44 20 7861 1247