Average pub rents hold firm
A survey of rent levels for traditional public houses and A4 high-street bars has revealed a smaller-than-expected fall.
Fleurets' Annual Rental Survey, which is now in its 25th year, saw very few new lettings of freehouses over the past year, and rent review activity has also been slow.
Fleurets director David Sutcliffe said: "Tenants are strongly opposing any proposed uplifts. Thus we anticipate continuing low levels of rent review activity.
"With general pressures being downward, we would have expected to see a greater fall in rental levels. However, within the property industry most leases incorporate rent review provisions, which allow for upward-only reviews."
Average rents
A4 High-Street Bars West End: £230,897
London City: £159,091
Outer London: £106,079
South East: £106,386
South West & Wales: £106,210
Midlands: £101,569
North: £109,565
Traditional Public Houses
West End: £99,491
London City: £87,250
Outer London: £69,611
South East: £52,252
South West & Wales: £48,568
Midlands: £46,003
North:£39,801
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Leasehold pub market has been ‘decimated' in past year, says Fleurets >>
By Neil Gerrard
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