Reduce Your Retail Rent
Retail Market Upheaval
The Global economic downturn is claiming more retail casualties than at any time since the recession of the early 1990s, spelling the end of the high street as we know it. As a result of over-inflated rents and a reduction in overall sales and profit, more and more tenants are closing units.
The worst hit are the independent retailers who have seen the heaviest fall in sales. In a recent survey, 70% of respondents said that they had seen an average fall in sales of over 12%.
As the occupational market worsens with a consequent collapse in consumer spending, we anticipate several years of negative rental growth. Those lucky enough to have a review or renewal due will inevitably see a reduction in their rent. However the nature of a booming property market has brought about long leases with sporadic or upwards-only reviews, which leaves many tenants either sweating it out or shutting up shop. For those tenants there is now an answer - Rent RE^FORM.
Lease Restructuring Specialists Reduce your retail rent
At Rent RE^FORM we specialise in rental re-formulation and lease restructuring. Our highly skilled team have a proven track record in mediating on behalf of tenants with a genuine need for improved lease terms. Our team has an understanding of landlord and tenant issues and seek to benefit all parties by avoiding tenants facing financial crises and landlords, empty voids. We demonstrate genuine needs for tenants to improve their terms during this period of economic uncertainty and present a compelling case to landlords on behalf of those tenants.
Rent RE^FORM have a unique proven formula that can genuinely help your business.
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"After 25 years in business the credit crunch had hit us hard with our customers spending much less. Whilst we were facing potential insolvency we were keen to maintain our goodwill. Rent RE^FORM allowed our business the opportunity to re-work our fixed costs and give us the opportunity to avoid bankruptcy and maintain our goodwill."
Florist, Enfield
