Industry

Contents

East of England

East Midlands

Merseyside
North East

North West

South East

South West

Wales

West Midlands

Yorkshire and the Humber

Inner London

Outer London

Scotland

Northern Ireland

Enterprise Zones

Factories and warehouses minimum and manimum rental values by region

Capital and rental values as at 1 July 2008

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.

Values for Enterprise Zones refer to types 1-4 (where represented) within the Enterprise Zone.

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, and with demolition for redevelopment or conversion for alternative uses, is becoming less common.

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
1000 920 820 580 Cambridge 100 95 90 60
-
720 610 500 475 Peterborough 65 55 45 43
-
675 650 575 525 Ipswich 68 63 55 45
-
550 465 440 380 Norwich 65 54 52 46 -
600 565 525 475 Bedford 75 65 60 55
-
750 660 640 600 Stevenage 90 83 78 68
-
680 600 520 500 Luton 80 73 60 55
-
 - 1050 1100 1100 Hemel Hempstead -  97 92 92
-
1125 1000 940 825 Chelmsford 95 85 80 70
-
1400 880 665 705 Colchester 125 80 60 60
-

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East Midlands

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
675 575 525 500 Lincoln 62 52 47 45 - 
600 550 500 440 Ashfield & Mansfield 55 50 45 40 - 
800 800 850 650 Nottingham 75 75 70 55 20
750 700 600 550 Derby 75 70 64 48 - 
725 725 620 600 Leicester 66 63 56 54 - 
750 600 525 475 Northampton 85 65 55 50 -

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Merseyside

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
600 500 450 450 Birkenhead 60 50 45 45 -
575 400 380 330 Liverpool 63 44 42 37 -

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North East

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
835 750 625 560 North Tyneside 80 62 50 47 -
685 625 560 560 Cramlington 65 52 45 47 -
845 800 750 700 Team Valley 85 70 58 55 -
685 600 540 500 Middlesbrough 65 50 43 42 -
575 495 440 400 Durham 62 47 40 38 -

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North West

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
600 510 525 500 Bolton 68 58 55 53 28
-  550 520 550 Manchester  - 63 58 55 - 
540 525 475 450 Rochdale   65 55 50 50 28
575 600 600 500 Salford   65 60 53 50 28
725 610 610 500 Stockport 70 65 58 55 29
650 570 550 525 Blackburn 66 57 55 53 25
540 425 360 315 Lancaster 60 47 40 35 20
680 620 570 550 Preston 68 62 57 55  -
600 525 500 400 Crewe/Congleton ** 68 64 60 44 35
1000 700 680 550 Warrington*** 80 60 55 55  -
550 510 475 450 Wigan 63 58 48 48 25
700 550 450 400 Carlisle 70 55 45 40  -
650 550 500 450 Kendal 65 55 50 45  -

** Type 5 is based on Macclesfield. *** Values are based on modern types of unit built within the last two years
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South East

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
 - 1770 1538 1307 Crawley  - 115 100 85 -
900 900 750 720 Eastbourne 80 75 65 60 -
975 850 775 700 Canterbury 80 70 65 60 -
1050 925 850 725 Medway Towns 80 70 65 55 -
1550 1425 1200 925 Tunbridge Wells 108 100 85 65 -
1925 1570 1500 1425 Guildford/Egham 135 110 105 100 -
1900 1675 1650 1440 Epsom 140 125 100 90 -
1050 925 800 775 Milton Keynes 90 80 65 63 -
1700 1400 1300 1200 Oxford   120 90 85 75 -
1750 1700 1600 1550 Reading 125 110 105 100 -
1250 1050 900 875 Basingstoke 85 95 88 85 -
1120 975 875 800 Portsmouth 102 90 85 80 -
1250 1075 900 850 Southampton 105 90 85 80 -
750 675 600 500 Isle of Wight 78 72 65 60 -

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South West

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
1050 925 825 775 Poole/Ferndown/Verwood 90 80 70 65 -
900 800 700 600 Weymouth 80 75 65 50 -
1150 1100 1000 875 Exeter 80 75 70 60 -
975 850 700 575 Barnstaple 75 65 55 45 -
1150 950 775 650 Plymouth 78 68 55 45 -
1150 825 625 550 Bodmin 85 60 45 45 -
940 875 815 690 Yeovil 75 70 65 55 -
800 750 700 675 Bath 85 75 70 65 -
1000 900 800 750 Bristol 90 85 75 70 -
850 725 675 625 Gloucester 80 73 68 53 -
950 950 875 775 Swindon 85 75 70 55 -

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Wales

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
700 700 675 625 Cardiff 65 62 58 55 -
475 430 380 335 Carmarthen 50 45 40 35 -
375 360 340 325 Merthyr Tydfil 43 40 38 31 -
575 550 525 475 Pontypridd 60 58 56 50 -
595 580 500 400 Swansea 57 50 43 40 -
470 450 360 320 Bangor 60 45 40 35 -
550 450 415 350 Newport 58 50 43 38 -
600 530 450 400 Wrexham (Deeside) 65 58 50 45 -

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West Midlands

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
700 650 620 600 Birmingham 78 70 66 63 -
620 540 525 500 Coventry 65 55 53 50 -
610 510 420 350 Sandwell 55 50 45 40 -
610 550 500 470 Wolverhampton 55 50 45 43 -
770 650 550 500 Tamworth 75 62 55 50 -
600 480 400 350 Telford 65 50 46 40 -
675 500 400 375 Stoke-on-Trent * 65 50 43 40 -
790 730 680 680 Leamington Spa 75 70 65 65 -
750 650 500 450 Redditch 80 70 60 50 -
600 520 500 400 Dudley 60 50 45 45 -

* No longer a significant rental market in type 5 multi storey premises. Most have now been demolished for redevelopment or where Listed, converted for residential use.

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Yorkshire and the Humber

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
950 800 700 675 Harrogate 90 70 58 55 -
825 775 725 625 York 80 70 60 55 -
750 650 600 500 Bradford 68 60 53 48 -
675 630 585 540 Huddersfield 68 63 59 50 32
750 720 700 650 Leeds 75 68 57 52 -
700 650 600 550 Doncaster 65 60 55 50 -
650 600 550 500 Grimsby 65 50 45 40 -
650 650 600 550 Hull 65 55 50 45 -
700 650 600 550 Sheffield 65 60 55 50 -
750 700 675 650 Wakefield 72 68 55 52 -

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Inner London

Type 125-75m² 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
 -  1625 1500 1375 Tower Hamlets  - 130 120 110 -
-  1500 1500 1500 Camden  - 135 135 135 -
 -  1625 1500 1375 Islington  - 130 120 110 -
1100 1100 1000 975 Greenwich/Charlton 95 95 90 85 -
1600 1450 1400 1200 Southwark 130 125 120 100 -
1320 1210 1155 -  Hammersmith 125 115 100  - -
no longer an active market for this type of property Paddington no longer an active market for this type of property

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Outer London

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
1275 1080 1050 1100 Romford 97 87 85          85 -
1500 1400 1150 1000 Enfield (Lee Valley) 110 100 90 80 -
1350 1275 1080 1100 Waltham Forest 100 97 87 80 -
1900 2000 2000 1600 Ealing (Park Royal) 120 125 105 90 -
-  1500 1400 1350 Uxbridge & Hayes -  120 110 100 -
1300 1150 1100 1100 Croydon 100 90 85 85 -
1650 1500 1200 1100 Wandsworth & Merton 130 125 100 95 -

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Scotland

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
1000 935 850 850 Hillington, Glasgow 80 70 64   64 -
430 400 400 360 Irvine 40 40 35 40 -
310 260 225 -  Dumfries   40 35 30   -
575 515 480 440 Falkirk 55 48 45 40 -
1000 1000 935 665 Glasgow 80 75 70 50 -
1200 900 700 675 Aberdeen 110 75 70 65 -
705 875 675 625 Inverness 85 70 60 55 -
1100 925 890 775 Edinburgh 97 81 75 68 11
800 730 665 540 Motherwell/Cambernauld 60 55 50 40 -
580 450 450 405 Dundee 65 50 50 45 10

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Northern Ireland

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
880 715 580 500 Greater Belfast area 64 52 45 40 30

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Former Enterprise Zones

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
- - 850 770 East Durham - - 55 50 -
- 580 550 520 Holmewood, Derby - 60 58 50 -
700 650 600 550 Dearne Valley, Doncaster 70 65 60 55 -
- - 660 660 Sherwood Park,
Junct 27 M1		 - - 55 55 -
- - 925 845 Tyne Riverside, Newcastle - - 60 55 -

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Factories and warehouses minimum and manimum rental values by region

The chart below shows District Valuers's opinions of the minimum and maximum rental values as at 1 July 2008 for factories and warehouses of Type 3 together with regional averages.

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