Retail park rent reviews require consideration of the park, unit and lease rather than treating all out-of-town retail accommodation as equivalent.
Park quality and tenant mix
Accessibility, prominence, parking, neighbouring occupiers, planning/user restrictions and the strength of the scheme can influence rental value.
Unit size and configuration
Large-format units, subdivision potential, frontage, servicing and mezzanine accommodation can affect comparability.
Evidence within and outside the scheme
Transactions on the same park can be particularly informative, but incentives and individual lease terms still require analysis. Evidence from competing schemes may need location and quality adjustments.