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Retail/Leisure Service Charge Budgets in 2022

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For us to understand what will happen to Service Charge budgets in 2022, we need to look back. In 2021 service charge budgets reduced by 9% for Shopping Centres and 4% for Retail/Leisure Parks. This was mainly due to the withdrawal of major works and reduced marketing throughout the lockdown periods. There was relatively little in the way of reduced manpower costs, despite Furlough, so that’s one to look out for as we await the final reconciled service charge accounts…

FlexSA Conference

audits, budget, commercial property, energy costs, flexible office space, Insurance, Landlords Insurance Recharges, managed offices, News, service charge, service charge caps, service charge liability, Serviced Offices, tenants, works / By

Assure Consulting attended the FlexSA (Flexible Space Association) Conference and Exhibition in London on 7 September, notable figures within the flexible space industry presented on key topics of interest to the sector.

Some providers within the flexible space sector have been significantly impacted by the pandemic, in particular the government’s directive to work from home. However, there is now a mood of optimism and excitement within the industry…

Service Charge – Cost Savings and Refunds

audits, budget, commercial property, Distribution Centres, flexible office space, Insurance, Landlords Insurance Recharges, leisure, managed offices, News, Offices, service charge, service charge caps, service charge liability, shopping centre, tenants / By

Latest Refunds and Savings With cost saving and refunds high on the agenda, I thought we would share some of the issues that we have dealt with this week……. Double payment of insurance …

Service Charge – Cost Savings and Refunds Read More »

Electricity

audits, budget, Category One, commercial property, Distribution Centres, energy costs, flexible office space, Insurance, Landlords Insurance Recharges, leisure, managed offices, News, Offices, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, tenants, Warehouses, works / By

Most occupiers of commercial multi-let buildings will be paying for electricity via two routes. However, do you know what you are paying and whether this represents good value for money?…

Management Costs Offset Savings

audits, budget, commercial property, Distribution Centres, flexible office space, Insurance, Landlords Insurance Recharges, leisure, managed offices, News, Offices, retail, service charge, service charge caps, service charge liability, shopping centre, tenants, Warehouses / By

A retail park service charge budget arrived recently and there was a 3.3% reduction, being broadly in line with the market and probably accepted by many. However, on closer examination, there was a significant reduction in security costs that should have led to an 11% reduction.

This reduction had been offset by an increase in management costs through the employment of an Estate Manager to manage various services, with that cost spread across numerous service lines..

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