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| This analysis brings together all the variables in the report. These figures can be used as a very simple benchmark for any centre. |
As per the 2007 report, Small, Enclosed Non Air Conditioned in Region 1 are by far and away the most expensive centres at £17.56 per sq ft. The sample size is too small to draw any meaningful conclusions from the data. The result is that this category is heavily skewed and as such it is our opinion that this figure should be discounted.
The second outlier in the 2007 report (Large, Part Enclosed, Region 1) has been smoothed by doubling the sample size in the 2008 report, it is a priority to do the same in 2009 for the Small, Enclosed Non Air Conditioned, Region 1 category.
Once the outlier has been discounted for the 2nd year in a row, Small, Enclosed Air Conditioned, Region 3 schemes are the most expensive at £8.47 per sq ft whereas Large, Open, Region 2 schemes are the least expensive at £1.99 per sq ft.
Chart 16 shows that the gaps in the sample that were identified last year have not been filled in 2008. It must remain a priority to fill these gaps going forward in order to get a more representative sample. The biggest area for improvement is that we must strive to increase the number of Small schemes. Smaller schemes are typically the most expensive type of scheme and a decreasing sample of Small schemes will skew the average figures. |
Table 16 - Service charge by size, location and type (£ per sq ft)
Table 17 - Service charge by size, location and type (£ per sq m)
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