Jones Lang LaSalle OSCAR 2008 Retail Park - Executive Summary
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Jones Lang LaSalle OSCAR 2008 Retail Park
  OSCAR 2008 Retail Park - Executive Summary Printer Print
 

 
  • The database includes in excess of 20% of the multi-let retail parks in the UK. 
 
  • Average 2007 reconciled Service Charge across the database is £0.96 per sq ft (£10.33 psm).
 
  • Average 2007 reconciled Service Charge across the database is £0.96 per sq ft (£10.33 psm).
 
  • Average rate for 2008 Budgets is £1.13 per sq ft (£12.16 psm), which represents 17.71% uplift from 2007 reconciled service charges. 
 
  • By unit classification, the average 2007 reconciled Service Charge on Bulky Goods Parks is £0.74 per sq ft, on Retail Parks is £0.99 per sq ft and on Shopping Parks is £1.25 per sq ft.
 
  • Average 2008 Budget on Bulky Goods Parks is £0.87 per sq ft, on Retail Parks is £1.13 per sq ft and on Shopping Parks is £1.44 per sq ft.
 
  • Average service expenditure for 2007 is at the same level as 2006, but the increase for the same parks in each year is 4.30%.  
 
  • Budgets show a small rise with increases from 2007 budgets of 1.8% while on the same parks in each year there was no increase
 
  • Reconciled Service Charges for 2007 are 13.22% below Budgets for 2007
 
  • Budgets for 2009 on a sample of 70 parks show a 0.5% decrease on 2008 
 
  • Labour remains the most significant contributor to costs. Security and Landscape Maintenance (mainly labour) - represent nearly 57% of the average service charge, slightly reduced on 2007
  • "Repairs" (Hard Services) remains a highly variable component representing nearly 20% of expenditure

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