Reaffirming our own findings MSCI’s 2016 Lease Events Review reported that the average UK commercial property lease for the first half of the year is now only 7 years with increased tenant incentives (rent-free periods and landlord’s capital contributions) observed over the same time.
Nearly 40% of all leases signed during H1/16 incorporated a tenant break clause.
By comparison the average length lease in London is 7.8 years compared to 9.5 years in Q4/15.
Short term flexible leases now account for 10% of all transactions in London, a figure that is expected to rise to around 30% within the next 15 years.
If you’d like to review your leasing options and create a winning strategy that will have landlords competing for your business, call me on 07968 191 233 for a personal perspective on the benefits of transparent, objective and conflict-free tenant representation.