The 2023 Pharmacy Rental Report is out now for Guild members on the Guild’s own website.
The Rental Report is considered a must for any pharmacist entering lease negotiations and strategic lease management.
This year’s report has been updated to reflect the necessary information required to assist in negotiating new leasing arrangements.
The report should be used when a pharmacist is preparing to enter negotiating leases and is a vital tool in helping users understand key regulations and avoid potential pitfalls.
The report is written in 3 parts to provide context to the current retail leasing environment, examine key benchmarks and indicators, and provide detailed strategic and practical considerations for negotiating leases.
Guild National President Professor Trent Twomey says the Rental Report is the best way to stay on top of managing the cost of doing business especially occupancy costs.
“It is of vital importance that pharmacy owners have sound commercial leasing arrangements.
“The Guild also understands not just the importance of occupancy costs, including rent, but the significant costs and disruptions associated with relocations as well,” he said.
