Landlords in England may have to settle with lower rent income from restaurants

London city center landlords will have to accept lower rents, according to a property expert, reports The Caterer.

According to The Caterer news, “Landlords are going to have to take the hit and accept that rents will be 25% lower for the next three to four years. I expect turnover rents will become much more popular” said Simon Chaplin, Senior Director of the Corporate Pub and Restaurant Team at Christie & Co.