From warehousing to workshops and manufacturing to storage, the industrial sector is an encompassing area, integral to the businesses of old and the industries of the future. Following the onset of online shopping and globalisation, the demand for storage and warehousing space has skyrocketed, increasing the rental cost for all industrial space. This has, in turn, been reflected in the business rates costs; with the 2023 revaluation seeing the average industrial property’s rateable value increase by 27.1% according to statistical analysis. This is a daunting increase, particularly, as the industrial sector was left largely unsupported during the COVID-19 pandemic. 

 

There is no reason to accept these increased costs. There are a multitude of options to reduce the business rates liability for industrial properties. Holloway Bond are business rates experts, we can explore all avenues to ensure you are on the lowest possible rate. If you feel like you are paying too much or would just like the peace of mind that you aren’t overpaying, do get in touch.

 

Please see below for examples of people and businesses in your sector that we’ve helped: