The occupier base in the West End Core ranges from multi-national corporate headquarters operations to niche financial businesses. The Core has, in the past, attracted occupiers at the forefront of new business innovation from private equity in the late 1980’s, to dot.com businesses in the early 2000’s and more recently, hedge funds.
2021 Rating revaluation impact on business rates across London
The new Rating List will come into force on 1st April 2021 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 2021 Rating List will reflect the changes in the rental market between April 2015 and April 2019.
The new rating list will come into force next year and the anticipated changes in business rates for this locality are set out below.
|Per sq ft||2019/20||2020/21||2021/22||Change (%)|