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Colliers Industrial Rating Revaluation Report 2023

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Due to sustained and robust rental growth in the industrial and logistics sector, it is likely that industrial and warehouse operators are likely to see a significant increase in their rates bills from April 2023.

When the Valuation Office Agency (VOA) carries out its 2023 Rating Revaluation, it will be basing the new assessments on rental values as of 1 April 2021. If the VOA assess the values correctly prime warehousing faces Rateable Value increases of up to 54%.

"As a result of the significant rental growth witnessed across the industrial & logistics sector, Colliers is forecasting an average increase of 18.7% on rates payable from April 2023" says John Webber, Head of Rating.

Being proactive is key. It is fundamental that occupiers take advice now to fully understand the likely impact of the 2023 business rates revaluation and avoid any unexpected cost increases.

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Read our report now to find out more and see how it may affect you.

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Colliers Industrial Rating Revaluation Report 2023

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John Webber

Head of Rating



I have over 35 years’ experience in the rating industry and lead a 135 plus rating team at Colliers.  When I took over responsibility for the team in 2005, it consisted of only a dozen people and has now grown into one of the leading rating advisory teams in the country.  I am a member of Colliers' UK Management Executive as well as sitting on the company’s Balance in Business Committee. 

I am regularly called upon by the national media to give my views on a range of business rates issues and I am involved in lobbying MPs/ministers and senior civil servants on business rates matters.

I started my career in the Valuation Office Agency in Kidderminster.  I joined Gerald Eve in 2000 where I spent 10 years before moving to Gooch Webster (now Colliers). I sit on the National Retail Panel of Rating Surveyors Association which provides guidance on how the RSA town committees work with the VOA and valuation matters.  I have also held the postion as Chair of the RICS Rating Diploma Committee having passed the prestigious qualification in 2014. I currently sit on the Rating Surveyors Association National Committee .

Along with Philip Harrison we founded 'Accurates' in 2007, the Collier's Compliance and Audit team, which although forms an integral part of the Rating team is now a leading brand in its own right.

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Len Rosso

Head of Industrial and Logistics

Industrial and Logistics

London - West End

Len has more than 30 years' experience in the commercial property sector. Having started out as a trainee surveyor in 1983 he moved on to set up Jansons in 1990, a niche agency specialising in industrial in North and West London. In 2004/5 the business was voted Industrial Agency of the Year, this being the first ever non West End national practice to have won this prestigious award. In that same year the business transacted in excess of 3.5 million sq ft which accounted for in excess of 50% of the total transactions for the North and West London market.

Since joining Colliers International, as the Head of the UK Logistics and Industrial Department, the objectives are the same as always, to outperform all competitors whilst providing the highest level of service to all our clients. In 2018, the Colliers International UK Industrial & Logistics team completed over 250 deals totalling over 15 million sq ft. 

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