News & Analysis as of

Commercial Leases Vacant Properties

Tonkon Torp LLP

Has the Commercial Real Estate Market Hit Bottom Yet?

Tonkon Torp LLP on

On July 17, 2024 I attended a webinar hosted by First American Title about the commercial real estate (CRE) market in transition. Here are some important takeaways. In the overall economy, inflation peaked in the summer of...more

Levenfeld Pearlstein, LLC

Adapting to Shifts in 2024 Real Estate Investment Landscape

The landscape of commercial real estate investment encountered substantial hurdles in 2023. Challenges such as sluggish rent growth, reduced transaction volume, and the emergence of potential debt-related distress impacted...more

Allen Matkins

Life Sciences Real Estate Update 8.24.23

Allen Matkins on

The average vacancy rate for laboratory and research and development space across the top 13 U.S. life sciences markets stood at 9% in the second quarter, up more than four percentage points from a year earlier and more than...more

Coblentz Patch Duffy & Bass

What We’re Reading, Watching, and Listening to: June 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - The Luxury Shopping Oasis Emerging in San Francisco’s Struggling Downtown (Wall Street Journal): Although local foot traffic may be down,...more

Hogan Lovells

UK government's rental auction plans will bulldoze normal letting processes

Hogan Lovells on

Amid strong industry objection to its proposed rental auctions scheme for vacant high street premises, the government has launched an open consultation to seek views on matters that will form part of the scheme, first...more

BCLP

Empty property rates

BCLP on

Following recent court decisions, the options available to an owner of empty business premises to avoid a liability for empty property rates have been reduced.  This matters because no rates are payable for the first...more

Hogan Lovells

UK Court of Appeal overturns High Court decision in vacant possession case

Hogan Lovells on

The Court of Appeal overturned the decision of the High Court in the case of Capitol Park Leeds plc v Global Radio Services Ltd [2021]. The Court of Appeal found that a tenant had validly exercised a break clause which was...more

BCLP

Empty property rates in England; guarding the guardians?

BCLP on

The two taxes in England on the occupation of property are non-domestic rating and, for domestic rating, council tax. Pre COVID, business rates yielded £30bn and council tax £36bn annually. Rates are payable on business...more

Dechert LLP

Real World - An Update from Dechert's London Finance and Real Estate Group July 2015: Liability for Empty Rates Where Property is...

Dechert LLP on

The Court of Appeal has ruled that rates will be payable unless a vacant building is beyond economic repair. Liability for empty rates for empty properties is governed by the Local Government Finance Act 1988 (LGFA...more

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