Response 3657789

Response to request for information

Reference

3657789

Response date

21 March 2025

Request

• The number of commercial properties that are available to let that are provided by your local authority in each of the following years:
  1. 2019,
  2. 2020,
  3. 2021,
  4. 2022,
  5. 2023,
  6. 2024

• What is the average monthly cost for commercial properties that are available to let that are provided by your local authority in each of the following years:
  1. 2019,
  2. 2020,
  3. 2021,
  4. 2022,
  5. 2023,
  6. 2024

• The number and proportion of commercial properties that are available to let that are provided by your local authority that are vacant in each of the following years:
  1. 2019,
  2. 2020,
  3. 2021,
  4. 2022,
  5. 2023,
  6. 2024

• Only if known and possible, the average daily footfall in your local authority’s town centres in each of the following years:
  1. 2019,
  2. 2020,
  3. 2021,
  4. 2022,
  5. 2023,
  6. 2024

Response

• The number of commercial properties that are available to let that are provided by your local authority in each of the following years:
  1. 2019 - 94
  2. 2020 - 96
  3. 2021 - 96
  4. 2022 - 100
  5. 2023 - 112
  6. 2024 - 112

• What is the average monthly cost for commercial properties that are available to let that are provided by your local authority in each of the following years:

The Councils property portfolio is wide ranging in size and type, from small industrial units at 750 sqft to 20,000 sqft; offices from 500 sqft to 3000 sqft and retail units from 600 sqft to 5000 sqft. The properties are in different locations with different rates applied for rentals.

Industrial units range in price from £5 per sqft to £8 per sqft., depending on age, size and location.

Office suites range in price from £10 per sqft to £16.50 per sqft.

Retail range from £10 per sqft to £18 per sqft.

Due to the wide range and property mix, we have rents ranging from £6k per annum to £142k per annum.

• The number and proportion of commercial properties that are available to let that are provided by your local authority that are vacant in each of the following years:

• RBC Annual Occupancy measured for Industrial Property only:

   
  1. 2019/20 - 99.5%
  2. 2020/21 - 98.34%
  3. 2021/22 - 97.32%
  4. 2022/23 - 99.11%

• RBC Annual Occupancy measured for Industrial Property only:

  1. 2023/24 - 98.70%
  2. 2024/25 - 99.25%

• Only if known and possible, the average daily footfall in your local authority’s town centres in each of the following years:
  • Not known