The cost of lost information
What is fragmented building information costing your portfolio?
Poor records create cost through searching, recreation, missed evidence and repeated work. See what that could mean for you.
Your portfolio
How many retail units are in your portfolio?
Start with your portfolio size to see the estimated annual cost of fragmented and hard-to-find building information.
How often does information change hands?
Lease events are one of the points where the information chain is most likely to break.
Lettings, renewals, surrenders and assignments. We’ve estimated this from the sector average for your unit count. Change it if you know your actual figure.
How complete are your records in reality?
Think about the last five units to change hands. For how many could you find the licence to alter, schedule of condition and fit-out records today?
Estimated annual cost of lost information
£1.75m
Based on a benchmark of approximately £3,500 per retail unit, per year.
Using the sector benchmark for lease-event activity.
Potentially recoverable
£612,500
Central estimate based on 35% of the identified cost being addressable through better information management.
Indicative range £525k–£788k
Want to understand what this means for your portfolio?
This gives you an indicative benchmark. Tell us a little more about your estate and we can look at where the cost and exposure are likely to sit across your portfolio.
Indicative benchmark based on published UK data and sector averages. Actual portfolio costs and recoverable value will vary.
Methodology
How the estimate is calculated
The model estimates the annual cost of lost, fragmented and unreliable building information across a portfolio. It is built from published landlord reporting, official statistics and industry benchmarks, rather than a single top-down percentage.
01
£3,500 per unit, per year
The central benchmark estimates the cost of information that already exists but cannot be easily found, trusted, verified or handed over. The model range is approximately £1,600–£7,700 per unit, per year.
02
Five independently sized cost areas
The estimate is built across search and recreation, lease-event documentation, dilapidations leakage, compliance and certification, and service charge and transactions.
03
Cross-checked against published research
The bottom-up model was tested against NIST research into the cost of inadequate information interoperability and sits within the resulting benchmark range.
What the model includes
- Search and recreation
- Lease-event documentation
- Dilapidations leakage
- Compliance and certification
- Service charge and transactions
Realistically addressable
30–45%
The model estimates that 30–45% of the run-rate loss could realistically be addressed within two to three years, with 35% used as the central case.
The model is based on published data including landlord reporting, government fire-safety statistics, RICS guidance, Bellrock SCOR and NIST research. It is an indicative benchmark, not a guaranteed saving or a substitute for analysis of an individual portfolio.
A structured record for every space
Built for landlords and tenants managing change over time
Layrs is for organisations that need a stronger record of what exists, what changed, and what can be relied on.
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Bring clarity to your building records.
Tell us a little about your portfolio and we’ll look at where the cost and exposure are likely to sit.