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Government Expected To Step In After Pause to Major Business Rates Change for Serviced Offices

Change Would Hurt Small Businesses as Well as Operators
Companies like WeWork would be affected. (Photo by Jeremy Moeller/Getty Images) (Getty Images)
Companies like WeWork would be affected. (Photo by Jeremy Moeller/Getty Images) (Getty Images)
CoStar News
December 1, 2022 | 3:15 P.M.

The Treasury is expected to be called on to provide clarity after yesterday’s meeting between rating agents and the Valuation Office Agency that saw the VOA press pause on a business rate change that has huge ramifications for serviced office providers, but also for the small and medium-sized businesses in those spaces.

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