That fixed nature sharpens the utilisation question: rates on an under-used floor are pure waste, and releasing or subletting space is one of the few ways to cut them. Utilisation data is the evidence base for that decision.
Common questions
What does Business Rates (UK) mean in simple terms?+
Business rates are the UK tax on non-domestic property, charged on a property’s rateable value. For office occupiers they are a major fixed slice of occupancy cost, payable whether the floors are full or empty.
How is Business Rates (UK) measured and reported?+
That fixed nature sharpens the utilisation question: rates on an under-used floor are pure waste, and releasing or subletting space is one of the few ways to cut them. Utilisation data is the evidence base for that decision.