The overall average service charge budget rate for Retail Park OSCAR 2008 calculated from the total database was £1.13 per sq ft (£12.16 per sq metre Retail Park OSCAR 2007 was £1.11). The highest rate was £6.36 per sq ft, the lowest £0.15 per sq ft and the standard deviation is expressed as £0.77.

Average budget rate

Budget components by park classsification

All rates rounded to 2 decimal places

Comment

• Management costs as a percentage of expenditure declines from Bulky Goods to Retail Parks and rises again to Shopping Parks. The rate per sq ft/m rises from Bulky Goods Parks through Retail Parks to Shopping Parks with the increasing service levels.

• Utilities costs fall as a percentage of expenditure from Bulky Goods to Retail Parks, but then rise to Shopping Parks. The rate per sq ft/m rises across the Park classifications.

• Soft Services Overall the costs increase across the range of parks Classes as both a percentage of expenditure and a rate per sq ft/m.

• Cleaning/Landscape expenditure falls as a percentage of spend although they increase in monetary terms across the range (Bulky Goods to Shopping).

• Security costs increase across the Park classifications both in terms of percentage of expenditure and rate per sq ft/m.

• Promotions are concentrated in the Shopping Park classification with only a small amount in other classes

• Hard Services costs reduce as a percentage of expenditure and the rate per sq ft/m from Bulky Parks to Shopping Parks.

• Income is generally at a low level although is noticeably higher in Shopping Parks.

• Insurance. Not included.

• Exceptional Expenditure is included within hard services.