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Property Market Report 1982 - Offices

Rental Values as at 31st March 1982

The following tables indicate headline rental values on full repairing terms with no inducements reported by DVs for three types of office accommodation.

Where there is no entry the beacon type is not typical within the locality.

Type 1
Town centre location. Self contained suite over 1,000 sq.m in office block erected in last 10 years, good standard of finish with a lift and good quality fittings to common parts. Limited car parking available.

Type 2
As Type 1 but suite size in range of 150sq.m- 400sq.m.

Type 3
Converted former house usually just off town centre. Good quality conversion of Georgian/ Victorian or similar house of character. Best quality fittings throughout. Self contained suite in size range 50sq.m-150sq.m, with central
heating and limited car parking.

* denotes air conditioning

EAST OF ENGLAND
LOCATION £/m²/ann £/m²/ann £/m²/ann
Type 1 Type 2 Type 3
Cambridge
60
65
50
Peterborough
45
50
35
Ipswich
32
37
30
Norwich
50
55
30
Bedford
40
25
20
Stevenage
50
50
40
Watford
65
65
40
Chelmsford
65
65
45
Colchester
55
55
40
    

 
EAST MIDLANDS
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Lincoln
23
20
15
Mansfield
   
24
17.5
Nottingham
30
32
25
Derby
20
21.5
22.5
Leicester
30
30
25
Northampton
45
  
  
    


NORTH EAST
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Newcastle upon Tyne
45
45
30
Northumberland (Morpeth)
 
  
27
Sunderland
30
30
21
Middlesbrough
32
32
40
Durham
40
40
25
  


NORTH WEST/ MERSEYSIDE
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Bolton
30
35
28
Manchester
68
75
60
Oldham
25
30
20
Altrincham
44
49
30
Stockport
32
37
   
Blackburn
   
17.5
30
Lancaster
25
30
27.5
Preston
15.5
18
27
Chester
35
40
29
Wilmslow
45
50
35
Warrington
45
50
32
Wigan
25
30
25
Carlisle
  
30
22.5
Kendal
33
25
22
Liverpool
40
45
35
    

SOUTH EAST
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Crawley
80
85
  
Brighton
70
75
50
Canterbury
32.5
39
40
Chatham Town
38
43
27.5
Tunbridge Wells
75
80
65
Guildford
110
115
80
Reigate
80
85
65
Milton Keynes
65
70
  
Oxford
80
85
85
Reading
145
152
86
Basingstoke
75
80
65
Portsmouth
25
30
25
Southampton
40
45
40
 


SOUTH WEST
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Bournemouth
42
48
54
Weymouth
32
37
40
Exeter
45
47
45
Barnstaple
25
28
25
Plymouth
37.5
40
40
Truro
22.5
30
30
Taunton
32
36
30
Bath
42
45
37
Bristol
45
47
42
Gloucester
30
33
33
Swindon
65
70
54
   


WALES
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Cardiff
50
55
47
Carmarthen
  
25
25
Merthyr Tydfil
  
25
23
Swansea (Enterprise Park)
35
38
30
Bangor
  
25
23
Newport (Gwent)
27
30
35
Wrexham
  
28
26
    


WEST MIDLANDS
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Birmingham (see below)
60
50
35
Coventry
30
35
25
West Bromwich
21
19.5
16
Wolverhampton
30
32
22
Lichfield
  
35
30
Telford
28
30
20
Hanley
   
27.5
22
Solihull
60
55
30
Redditch
27.5
27.5
22
   

The values for Birmingham are based on the central business district within the Inner Ring Road.

YORKSHIRE AND THE HUMBER
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Harrogate
40
45
35
York
22.5
21.5
22
Bradford
40
40
33
Huddersfield
30
30
20
Leeds
47.5
50
35
Doncaster
20
20
15
Grimsby
22.5
22.5
20
Hull
27.5
22.5
22.5
Sheffield
22.5
22.5
17.5
Wakefield (new location)
35
40
30
    


SCOTLAND
LOCATION £/m²/ann £/m²/ann £/m²/ann
Type 1 Type 2 Type 3
Ayr
30
30
25
Dumfries
30
  
  
Stirling
30
35
25
Glasgow (city centre)
65
70
45
Aberdeen
70
70
70
Inverness
  
35
30
Edinburgh
40
45
50
Hamilton
30
30
25
Dundee
33
10
25
    


INNER LONDON
LOCATION £/m²/ann £/m²/ann £/m²/ann
Type 1 Type 2 Type 3
City Fringe
130
  130
 100
High Holborn
130
 130
100
Islington and Hackney
130
 130
100
London Bridge
110
 110
75
Hammersmith
180
 180
   
Mayfair
225
 225
160
City of London
* 280
* 280
160
    


OUTER LONDON
LOCATION
£/m²/ann
£/m²/ann
£/m²/ann
Type 1
Type 2
Type 3
Romford
70
75
55
Ilford
55
60
50
Finchley Central
90
77
70
Brentford
110
  
70
Uxbridge
115
  
  
Croydon
130
86
55
Richmond
*  110
*  120
85
   

 


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