RICS DRS Applications continue to increase

Applications to the RICS Dispute Resolution Service for the appointment of Arbitrators & Independent Experts to resolve commercial rent review disputes have increased by 26% since 2013.

They are split roughly 60 / 40 between Arbitrators and Independent Expert, geographically 77% of applications are in London & the South East, and the principal property types are Secondary Retail, Restaurants, Prime Retail, Large Offices and Retail Warehouses (non-food).

DRS reports that 92% of users are satisfied with the dispute resolver appointed, which reflects a 12 % improvement since 2014-15.