|
The following tables indicate rental and capital values for five typical classes of industrial buildings. Where there is no entry the beacon type is not typical in the locality.
The first four types are assumed to be on an industrial estate, and let on FRI terms. They are of modern construction but not of high-tech design, and are heated by free standing heaters.
Type 1
Small starter units, 25sq.m-75sq.m
Steel framed, concrete block or brick construction, often built in terrace layout and let on weekly terms.
Type 2
Nursery units, 150sq.m-200sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above. Eaves height 3.75 to 4.5 metres with lined roof. Limited or no office content and common parking and loading areas.
Type 3
Industrial/warehouse units, circa 500sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above.
Eaves height 4.3 metres to 5.5 metres with lined roof.
10% to 15% office content. Detached on own site with private parking and loading facilities.
Type 4
Industrial/warehouse units, circa 1,000sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above. Eaves height up to 7.6 metres with lined roof.
10% to 15% office content. Detached on own site with private parking and loading facilities.
Type 5
Converted ex-mill units
Ground floor unit converted from 19th century multifloor ex-mill or similar building of 4-5 storeys. Brick
construction with tile or slate roof.
Unit of circa 150sq.m with heating from central piped water system.
Electric goods lift to upper floors and sprinklers to all levels. Tenant responsible for internal repairs and
insurance. This type is only found in certain areas of the country.
EAST OF ENGLAND |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
LOCATION |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
320 |
270 |
220 |
190 |
Cambridge |
35 |
30 |
24 |
21 |
|
230 |
210 |
180 |
160 |
Peterborough |
23 |
21 |
18 |
16 |
|
350 |
280 |
220 |
210 |
Ipswich |
28 |
25 |
22 |
21 |
|
180 |
150 |
135 |
115 |
Norwich |
22 |
18 |
16 |
14 |
|
240 |
220 |
200 |
180 |
Bedford |
24 |
22 |
20 |
18 |
|
335 |
310 |
290 |
275 |
Stevenage |
30 |
28 |
26 |
25 |
|
250 |
230 |
210 |
200 |
Luton |
25 |
23 |
21 |
20 |
|
475 |
465 |
435 |
375 |
Hemel Hempstead |
38 |
37 |
35 |
30 |
|
380 |
320 |
260 |
220 |
Chelmsford |
35 |
32 |
26 |
23 |
|
240 |
205 |
205 |
185 |
Colchester |
25 |
22 |
22 |
20 |
|
| |
|
|
|
|
|
|
|
|
|
EAST MIDLANDS |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
LOCATION |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
150 |
122 |
115 |
100 |
Lincoln |
15 |
14 |
12 |
10 |
|
225 |
185 |
160 |
140 |
Ashfield & Mansfield |
23 |
19 |
16 |
15 |
|
275 |
250 |
235 |
200 |
Nottingham |
28 |
25 |
24 |
20 |
15 |
250 |
200 |
170 |
150 |
Derby |
25 |
20 |
17 |
15 |
|
290 |
270 |
240 |
220 |
Leicester |
22 |
20 |
19 |
19 |
|
250 |
235 |
210 |
190 |
Northampton |
25 |
24 |
22 |
20 |
15 |
| |
|
|
|
|
|
|
|
|
|
MERSEYSIDE |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
LOCATION |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
230 |
200 |
175 |
105 |
Birkenhead |
29 |
25 |
20 |
15 |
|
220 |
200 |
150 |
100 |
Liverpool |
28 |
25 |
20 |
13 |
|
| |
|
|
|
|
|
|
|
|
|
NORTH EAST |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
LOCATION |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
210 |
195 |
185 |
155 |
North Tyneside |
19 |
17.5 |
17 |
14 |
|
175 |
150 |
140 |
100 |
Cramlington |
18.5 |
15 |
14 |
10 |
|
165 |
140 |
114 |
100 |
Team Valley |
17.5 |
15 |
12 |
11 |
|
145 |
120 |
100 |
90 |
Middlesbrough |
18 |
15 |
12 |
11 |
|
160 |
145 |
135 |
100 |
Durham |
20 |
18 |
17 |
12 |
|
| |
|
|
|
|
|
|
|
|
|
| NORTH WEST |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
LOCATION |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
225 |
180 |
150 |
130 |
Bolton |
25 |
23 |
18 |
15 |
8 |
300 |
270 |
250 |
200 |
Manchester |
28 |
25 |
20 |
18 |
10 |
260 |
250 |
230 |
215 |
Rochdale |
25 |
24 |
22 |
20 |
8 |
310 |
275 |
235 |
225 |
Salford |
25 |
22 |
19 |
17 |
8 |
335 |
315 |
260 |
210 |
Stockport |
32 |
30 |
25 |
20 |
12 |
220 |
200 |
170 |
123 |
Blackburn |
25 |
23 |
20 |
14 |
5 |
220 |
200 |
160 |
90 |
Lancaster |
25 |
23 |
20 |
13 |
8 |
230 |
205 |
180 |
145 |
Preston |
25 |
23 |
20 |
16 |
5 |
260 |
225 |
200 |
100 |
Crewe/Congleton |
27 |
24 |
20 |
10 |
8 |
225 |
200 |
175 |
105 |
Warrington |
25 |
22 |
20 |
15 |
|
285 |
250 |
235 |
220 |
Wigan |
22 |
20 |
19 |
18 |
8 |
180 |
175 |
100 |
75 |
Carlisle |
23 |
20 |
13 |
10 |
|
180 |
160 |
120 |
75 |
Kendal |
23 |
20 |
15 |
10 |
|
| |
|
|
|
|
|
|
|
|
|
SOUTH EAST |
CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
|
600 |
500 |
440 |
Crawley |
|
48 |
43 |
35 |
|
|
310 |
290 |
265 |
Eastbourne |
|
28 |
26 |
24 |
|
|
300 |
270 |
220 |
Canterbury |
|
30 |
28 |
22 |
|
|
280 |
250 |
150 |
Medway Towns |
|
28 |
25 |
18 |
|
|
350 |
300 |
240 |
Tunbridge Wells/Tonbridge |
|
35 |
30 |
24 |
|
|
535 |
500 |
435 |
Guildford/Egham |
|
43 |
40 |
35 |
|
410 |
380 |
350 |
300 |
Epsom |
45 |
42 |
40 |
35 |
|
335 |
310 |
285 |
275 |
Milton Keynes |
27 |
25 |
23 |
22 |
|
340 |
320 |
285 |
275 |
Oxford |
30 |
28 |
24 |
20 |
|
585 |
530 |
515 |
500 |
Reading |
41 |
37 |
36 |
35 |
|
430 |
260 |
200 |
170 |
Basingstoke |
39 |
28 |
25 |
21 |
|
290 |
175 |
135 |
117 |
Portsmouth |
26 |
19 |
17 |
14 |
|
325 |
195 |
152 |
130 |
Southampton |
29 |
21 |
19 |
16 |
|
250 |
180 |
130 |
85 |
Isle of Wight |
22 |
18 |
15 |
10 |
|
| |
|
|
|
|
|
|
|
|
|
| SOUTH WEST |
| CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
290 |
265 |
200 |
150 |
Poole/Ferndown/
Verwood
|
35 |
32 |
24 |
18 |
|
215 |
200 |
150 |
110 |
Weymouth |
26 |
24 |
18 |
13 |
|
250 |
225 |
190 |
180 |
Exeter |
23 |
21 |
18 |
17 |
|
150 |
140 |
125 |
120 |
Barnstaple |
19 |
18 |
15 |
14 |
|
200 |
180 |
170 |
145 |
Plymouth |
21 |
20 |
19 |
16 |
|
165 |
150 |
135 |
100 |
Bodmin |
20 |
18 |
16 |
12 |
|
240 |
220 |
200 |
150 |
Yeovil |
22 |
20 |
20 |
18 |
|
235 |
227 |
220 |
170 |
Bath |
22 |
21 |
20 |
17 |
|
215 |
205 |
200 |
150 |
Bristol |
18 |
17 |
16 |
13 |
6 |
240 |
215 |
200 |
150 |
Gloucester |
20 |
19 |
17 |
15 |
|
300 |
250 |
240 |
210 |
Swindon |
26 |
22 |
22 |
19 |
|
| |
|
|
|
|
|
|
|
|
|
| WALES |
| CAPITAL VALUES £/m² |
|
RENTAL VALUES £/m²/ann |
Type 125-75m²
|
Type 2150
200m²
|
Type 3Circa 500m² |
Type 4Circa 1,000m² |
LOCATION |
Type 125-
75m² |
Type 2150-200m² |
Type 3
Circa 500m² |
Type 4
Circa 1,000m² |
Type 5
Multi-
storey |
| 200 |
175 |
165 |
125 |
Cardiff |
20 |
19 |
17.5 |
15 |
|
| 140 |
115 |
115 |
95 |
Carmarthen |
18 |
15 |
15 |
13 |
|
| 145 |
135 |
120 |
100 |
Merthyr Tydfil |
18 |
16.5 |
15 |
13 |
|
| 165 |
150 |
135 |
115 |
Pontypridd |
19 |
18 |
15 |
13 |
|
| 190 |
190 |
185 |
130 |
Swansea |
20 |
19 |
19 |
18 |
|
| 135 |
125 |
115 |
80 |
Bangor |
20 |
19 |
17 |
12 |
|
| 160 |
145 |
130 |
115 |
Newport |
20 |
18 |
16 |
14 |
|
| 150 |
140 |
120 |
95 |
Wrexham(Deeside) |
22 |
21 |
18 |
14 |
|
| |
|
|
|
|
|
|
|
|
|
WEST MIDLANDS |
CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
| |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
| 250 |
220 |
200 |
200 |
Birmingham |
30 |
27 |
25 |
24 |
8 |
| 185 |
165 |
140 |
125 |
Coventry |
22 |
20 |
17 |
15 |
|
| 215 |
200 |
185 |
170 |
Sandwell |
28 |
26 |
24 |
22 |
|
| 350 |
250 |
180 |
200 |
Wolverhampton |
32 |
30 |
27 |
24 |
5 |
| 180 |
160 |
145 |
135 |
Tamworth |
20 |
18 |
16 |
15 |
16 |
| 180 |
160 |
140 |
130 |
Telford |
20 |
18 |
16 |
16 |
|
| 195 |
180 |
160 |
135 |
Stoke-on-Trent |
23 |
21 |
19 |
16 |
11 |
| 200 |
185 |
155 |
135 |
Leamington Spa |
24 |
22 |
19 |
17 |
|
| 225 |
185 |
150 |
70 |
Redditch |
25 |
20 |
18 |
18 |
10 |
| 275 |
215 |
165 |
125 |
Dudley |
29 |
25 |
20 |
16 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| YORKSHIRE AND THE HUMBER |
| CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
110 |
110 |
90 |
90 |
Harrogate |
15 |
13 |
10 |
8 |
|
110 |
110 |
90 |
90 |
York |
15 |
13 |
10 |
8 |
|
115 |
115 |
90 |
85 |
Bradford |
15 |
13 |
10 |
8 |
|
120 |
120 |
90 |
90 |
Huddersfield |
13 |
13 |
11 |
11 |
5 |
220 |
200 |
175 |
150 |
Leeds |
20 |
18 |
18 |
15 |
5 |
120 |
100 |
95 |
95 |
Doncaster |
20 |
16 |
15 |
10 |
|
110 |
90 |
85 |
85 |
Grimsby |
15 |
13 |
10 |
7.5 |
|
110 |
95 |
85 |
80 |
Hull |
15 |
13 |
10 |
7.5 |
|
115 |
95 |
90 |
90 |
Sheffield |
19 |
16 |
15 |
10 |
|
115 |
115 |
90 |
95 |
Wakefield |
14 |
14 |
12 |
11 |
4 |
| |
|
|
|
|
|
|
|
|
|
| INNER LONDON |
| CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 125-75m² |
Type 2150-200m² |
Type 3Circa 500m² |
Type 4Circa 1,000m² |
Type 1 25- 75m² |
Type 2 150- 200m² |
Type 3 Circa 500m² |
Type 4 Circa 1,000m² |
Type 5 Multi- storey |
| |
291 |
250 |
200 |
Tower Hamlets |
|
35 |
30 |
24 |
12 |
| |
312 |
312 |
312 |
Camden |
|
38 |
38 |
38 |
|
| |
291 |
250 |
233 |
Islington |
|
35 |
30 |
28 |
12 |
| |
250 |
208 |
208 |
Greenwich/Charlton |
|
30 |
25 |
25 |
|
| 315 |
315 |
315 |
225 |
Southwark |
35 |
35 |
35 |
25 |
16 |
| 445 |
390 |
390 |
333 |
Hammersmith (North) |
40 |
35 |
35 |
30 |
|
| |
|
|
|
|
|
|
|
|
|
| OUTER LONDON |
| CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 1
25-
75m² |
Type 2
150-
200m² |
Type 3
Circa 500m² |
Type
4
Circa 1,000m² |
Type 1
25-
75m² |
Type 2
150-
200m² |
Type 3
Circa 500m² |
Type 4
Circa 1,000m² |
Type 5
Multi-
storey |
| 330 |
300 |
275 |
240 |
Romford |
33 |
30 |
28 |
24 |
|
| 390 |
375 |
325 |
325 |
Enfield (Lee Valley ) |
35 |
32.5 |
30 |
27.5 |
|
| 330 |
320 |
300 |
275 |
Waltham Forest |
33 |
32 |
30 |
27 |
|
| |
531 |
500 |
438 |
Croydon |
|
43 |
40 |
35 |
|
| 550 |
525 |
525 |
500 |
Wandsworth & Merton |
45 |
43 |
43 |
40 |
|
| |
|
|
|
|
|
|
|
|
|
| SCOTLAND |
| CAPITAL VALUES £/m² |
LOCATION |
RENTAL VALUES £/m²/ann |
Type 125-
75m² |
Type 2150-
200m² |
Type 3
Circa 500m² |
Type 4
Circa 1,000m² |
Type 1
25-
75m² |
Type 2
150-
200m² |
Type 3
Circa 500m² |
Type 4
Circa 1,000m² |
Type 5
Multi-
storey |
| |
|
|
|
Hillington, Glasgow |
20 |
20 |
17 |
15 |
|
120 |
120 |
90 |
90 |
Irvine |
20 |
20 |
15 |
15 |
|
190 |
170 |
130 |
|
Dumfries |
20 |
20 |
18 |
|
|
140 |
120 |
110 |
90 |
Falkirk (new location) |
20 |
17 |
16 |
13 |
|
160 |
150 |
130 |
120 |
Glasgow |
27 |
25 |
22 |
20 |
3 |
165 |
160 |
150 |
120 |
Aberdeen |
30 |
27 |
25 |
22 |
|
125 |
125 |
100 |
95 |
Inverness |
20 |
20 |
15 |
15 |
|
|
|
200 |
165 |
Edinburgh |
26 |
25 |
24 |
22 |
2 |
120 |
120 |
90 |
90 |
Motherwell/
Cumbernauld |
20 |
20 |
15 |
15 |
|
150 |
140 |
140 |
125 |
Dundee |
22 |
20 |
20 |
18 |
5 |
| |
|
|
|
|
|
|
|
|
|
|