The outcome of the recent UK referendum gives any company with property interests, whether as landlord, tenant or owner-occupier, the opportunity to revisit their long term property strategies.
If a business is concerned about ongoing property costs, tenants could consider cutting costs by bringing leases to an end early (whether by a mutually agreed surrender with a landlord or exercising a break clause) as well as increasing income from property. An example being significant falls in the capital expenditure required to install and maintain solar panels and energy storage batteries could offer large savings on electricity bills.
Any political uncertainty can bring opportunity as well as risk.
Demand for commercial property in the UK will weaken in the coming weeks and months after the UK opted to leave the European Union