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Red tape cut as UK Government takes aim at struggling high streets
Reforms announced are going to make it easier and cheaper for empty commercial units to be turned into hospitality venues will be introduced to support efforts to boost footfall and revitalise town centres.
Rent shake-up on the horizon for commercial landlords
Upward-only rent reviews will be outlawed in new leases across England and Wales under the English Devolution and Community Empowerment Bill. Concerns have been raised by the sector about how this move could affect property values and investor confidence. Plus, a shift of this magnitude requires careful implementation to prevent unintended consequences for future development and commercial supply.
Commercial Outlook Q1 2025
The Propertymark Commercial Outlook Q1 2025 reveals a resilient commercial property sector navigating economic uncertainty with cautious optimism. While inflation remains above target and lending challenges persist, strong confidence continues in the Industrial and Class E sectors.
Law Commission sets out first recommendations for reform of the Landlord and Tenant Act 1954
The Act, now over 70 years old, gives business tenants a legal right to renew their leases in many circumstances — a framework that has faced growing criticism for being outdated and overly complex. Propertymark responded to the consultation, advocating for modernisation of the legislation to reflect the current needs of businesses. These initial recommendations come as part of a wider review focusing on how well the law is functioning for commercial property leases.