Business rates in Southwark

4,013 retail, hospitality and leisure premises across 412 streets, each checked against the 2026 rating list. Pick your street below.

London›Southwark
Premises assessed
4,013
Median rateable value
£20,500
Streets covered
412

In Southwark, 715 of 4,013 shops, cafés, restaurants and leisure premises (17.8%) saw their rateable value rise by 25% or more at the April 2026 revaluation, according to our analysis of the 2026 rating list (data as of August 2026).

1,034 (25.8%) have a rateable value of £12,000 or less, the band where small business rate relief can take the bill to nil, on rateable value alone.

How much are business rates in Southwark?

A typical Southwark shop or restaurant on the 2026 list has a rateable value of £20,500. At the 2026/27 small retail, hospitality and leisure multiplier of 38.2p that is about £7,831 a year before any relief. Small business rate relief, transitional relief and supporting small business relief can reduce it, in some cases to nil. What is actually on a bill only the bill shows.

How many shops in Southwark pay no business rates?

1,034 of the 4,003 retail, hospitality and leisure premises in Southwark (25.8%) have a 2026 rateable value of £12,000 or below. That is the band where small business rate relief can take the bill to nil, for an occupier of one property. A further 11.2% sit in the tapered band. The bill shows whether the relief has been claimed.

How much did rateable values change in Southwark at the 2026 revaluation?

The typical change against the 2023 list is +10.4%. 17.9% of premises rose by 25% or more and 4.3% fell. 231 premises moved from £12,000 or below to above it, which is what supporting small business relief 2026 is for.

Which reliefs should a Southwark shop or café check in 2026/27?

Four. Small business rate relief, which has to be claimed. The retail, hospitality and leisure multiplier, which depends on how the council has coded the property. Transitional relief and supporting small business relief, which cap the rise after the revaluation and should appear automatically. And for the 180 pubs in Southwark, the 15% pubs and live music venues relief. Send the address and we tell you which apply, free.

WHAT THE PUBLIC RECORD SHOWS FOR SOUTHWARK
Premises typeCountShare
Retail 3,004 74.9%
Hospitality 804 20.0%
Leisure 205 5.1%

Flags across Southwark

FlagPremisesShare
Rateable value inside the full small business relief band 1,034 25.8%
Rateable value inside the tapered band 414 10.3%
Rate per m² above the street median for comparable use 365 9.1%
Valuation rose 25% or more at the 2026 revaluation 715 17.8%
Valuation fell 25% or more at the 2026 revaluation 41 1.0%
Nothing flagged from public data. Needs the bill 1,858 46.3%

A flag records where a premises sits in the public record. It is not a finding that a bill is wrong. The bill itself shows which reliefs and which multiplier were applied. Source: 2026 rating list, data as of August 2026.

Rateable values in Southwark

The spread of rateable values across Southwark, by type of premises. If yours sits well outside the range for its type, that is worth understanding. On its own it is not evidence of an error.

Premises typePremises Lower quartileMedian Upper quartile
All retail, hospitality and leisure 4,003 £12,000 £20,500 £44,125
Retail 2,996 £11,000 £16,750 £31,000
Hospitality 803 £22,125 £44,000 £103,500
Leisure 204 £19,312 £42,375 £105,000

Value per square metre in Southwark

Rateable values are largely built from a rate per square metre applied to the trading area. That rate is what decides your valuation. It is published only in the detailed valuations, premises by premises. The summary below is ours.

Premises typeWith published area Lower quartileMedian Upper quartile
All retail, hospitality and leisure 3,700 £350 £475 £675
Retail 2,981 £350 £475 £700
Hospitality 562 £350 £500 £700
Leisure 157 £50 £180 £275

Per square metre of floor area (NIA), from the published detailed valuations. Premises without a published area are not counted.

The most valuable retail streets in Southwark

Streets ranked by the median value per square metre of their retail, hospitality and leisure premises. Only streets with at least five premises with a published area are ranked. 130 of 412 qualify.

#Street Premises Median £/m² Median RV
1 St Thomas Street SE1 17 £2,500 £138,000
2 Stoney Street SE1 20 £2,000 £110,000
3 Park Street SE1 13 £1,750 £72,500
4 Dirty Lane SE1 13 £1,200 £65,000
5 London Bridge Street SE1 21 £1,200 £53,500
6 Stonecutters Lane SE1 7 £1,200 £25,750
7 Dulwich Village SE21 28 £1,000 £34,000
8 London Bridge Station SE1 37 £1,000 £90,250
9 Lordship Lane SE22 164 £1,000 £36,125
10 More London Riverside SE1 7 £950 £99,000
11 More London Place SE1 6 £925 £183,500
12 Tooley Street SE1 47 £900 £94,750
13 Bermondsey Street SE1 44 £825 £31,500
14 London Bridge Walk SE1 12 £800 £16,125
15 North Cross Road SE22 24 £800 £18,125
16 Borough High Street SE1 75 £750 £57,500
17 Redriff Road SE16 43 £750 £60,500
18 The Cut SE1 12 £750 £32,500
19 Walworth Road SE17 164 £750 £33,375
20 Camberwell Church Street SE5 59 £700 £25,000
STREETS IN SOUTHWARK

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Questions this data tends to raise

One flat fee: 15% of the savings we secure, confirmed in writing by the council. Nothing saved, nothing to pay.

If there's nothing to save, we say so.