Vacant commercial property concerns

An online survey carried out by vacant property management experts SitexOrbis in collaboration with Estates Gazette has revealed how those managing vacant property prioritise their concerns. The threat of empty property rating and increased costs of commercial sales and lettings have left this sector vulnerable to adverse market conditions. But when asked to choose the ‘top 3’ vacant property issues, 22% of 100 respondents chose security as their biggest problem. Ranking joint second in the list of major headaches were loss of rental income (19%) and empty property tax. A further 15% chose maintenance as one of their key concerns and 13% specified compliance with insurance stipulations.

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