Craft brewer the Big Bog Brewing Company has asked TAG to help it negotiate the rent review on its warehouse premises in Speke.
The COVID pandemic has unleashed unprecedented demand for warehousing space across the globe as more and more goods are bought on-line rather than through physical retail stores.
With the supply of new units unable to meet demand, industrial property rents have risen well above the rate of inflation over the last 18 months, right across the UK. In many locations rents have risen at record rates. For tenants in those locations, rent reviews pose a significant threat to their bottom line.
As a tenant advocate, the question we seek to answer is what level of rental increase can be justified given the precise wording of the lease and the local market conditions at the time of the rent review.
Our rent review specialist Chris Threlfall will be handling the Big Bog case and I very much look forward to hearing where it ends up. All being well, it will be a conversation we can enjoy over a pint or two of Big Bog’s finest.
If you need help with a forthcoming rent review, please call Chris Threlfall on 0161 457 1422 or email him at ct@tenantag.co.uk.