Business rates for workshops in Tower Hamlets
There are 1,320 workshops in Tower Hamlets’s 2026 rating list. The median rateable value is £8,200, or about £195 per m² of floor area. Is yours in line?
All property types in Tower Hamlets: median RV £11,000.
How workshops in Tower Hamlets compare
The middle half of workshops here are valued at £166 to £221 per m² of floor area. That compares with a median rateable value of £11,000 for all 17,973 business properties in Tower Hamlets. If your price per m² sits well above similar properties on nearby streets, that is the evidence a Challenge needs.
How are business rates worked out in Tower Hamlets?
Your council multiplies your rateable value (set by the Valuation Office) by a multiplier, then takes off any reliefs. For 2026/27 in England the multipliers run from 38.2p (small retail, hospitality and leisure) to 50.8p (rateable values of £500,000+).
Aggregate statistics computed from the Valuation Office’s Rating List Downloads (2026 list) for non-domestic rating purposes. Individual properties are shown only through the free check. Not affiliated with the Valuation Office. Data notice