Reconciled service charges by location, size and park class (benchmarks)
CHART 21
Reconciled service charges by location, size and park classification
Component rates are effected by rounding to 2 decimal places and conversion.
CHART 21
Reconciled service charges by location, size and park classification (continued)
Component rates are effected by rounding to 2 decimal places and conversion.
CHART 21
Reconciled service charges by location, size and park classification (continued)
Component rates are effected by rounding to 2 decimal places and conversion.
In this study, we have taken the variants of size and location and applied these to service cost expenditure within the different classes of Parks to provide a simple benchmark. This, perhaps more so than other 'benchmarks', is dependant upon the size of the individual databases. The number of Parks in each category is shown in the table in brackets alongside the appropriate rate.
The highest rate was £2.11 per sq ft (£22.71 per sq m) for Shopping Parks over 200,000 sq ft in the South, while the lowest was £0.59 per sq ft (£6.35 per sq m) in Bulky Goods Parks under 100,000 sq ft in the North.
With medium and large sized Retail Parks costs increase in the North, particularly with size.
The earlier sections of the report suggest that costs will tend to decrease with size, and be lower in the North. With Shopping Parks being the most expensive and Bulky Goods the least.
Exceptions to this are medium and large sized Bulky Goods Parks, although with the large parks the database is very small. With medium sized parks the significant elements are increases in security and landscape maintenance that we would expect to be more related to qualitative issues.
With medium and large sized Retail Parks costs increase in the North, particularly with size. The significant component that increases for the medium sized parks is administration. In larger parks the major increases are in landscape maintenance and promotions.
It is again the medium and larger sized Shopping Parks that are exceptions to this rule. In medium sized parks there are relatively significant increases in administration and security costs in the North. Between medium and large parks costs increase both in the North and South in components including administration, utilities, landscape maintenance, security and promotions.