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 January 2007

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.

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
1050 955 875 545 Cambridge 110 100 90  60
-
675 650 525 500 Peterborough 60 58 48 45
-
650 580 500 470 Ipswich 65 55 50 45
-
525 445 420 365 Norwich 60 52 50 44 -
600 565 525 475 Bedford 73 63 58 53
-
750 660 640 600 Stevenage 95 83 78 73
-
680 600 520 500 Luton 78 70 58 55
-
 - 1050 1100 1100 Hemel Hempstead  - 97 92 92
-
1100 900 875 875 Chelmsford 95 75 70 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
440 390 335 310 Lincoln 55 48 42 40 - 
450 390 340 300 Ashfield & Mansfield 50 44 40 38 - 
675 600 485 430 Nottingham 68 60 50 48 20
680 640 520 400 Derby 75 69 64 48 - 
725 725 620 550 Leicester 66 63 56 54 - 
775 600 525 450 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
670 470 450 350 North Tyneside 67 47 45 35 -
516 439 384 384 Cramlington 47 40 35 35 -
830 715 625 700 Team Valley 64 55 48 54 -
565 565 500 468 Middlesbrough 45 45 40 38 -
545 470 380 350 Durham 50 43 35 32 -

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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
600 450 470 445 Bolton 65 58 54 50 28
-   500 500 470 Manchester  -  55 52 48 - 
540 500 460 450 Rochdale   55 50 47 45 25
570 560 510 475 Salford   63 58 48 45 25
700 600 550 475 Stockport 70 63 56 53 29
650 545 525 525 Blackburn 66 55 53 53 25
540 425 360 315 Lancaster 60 47 40 35 20
625 550 520 520 Preston 66 60 55 55  -
550 480 475 320 Crewe/Congleton ** 58 61 60 40 35
1000 700 680 550 Warrington*** 80 60 55 55  -
540 490 460 440 Wigan 60 52 45 44 25
700 550 450 400 Carlisle 70 55 45 40 -
650 550 500 450 Kendal 65 55 50 40  -

** 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
-   1845 1615 1385 Crawley  -  120 105 90 -
850 850 640 570 Eastbourne 85 85 64 57 -
900 800 750 675 Canterbury 80 70 65 60 -
890 760 695 610 Medway Towns 80 69 63 55 -
1270 1175 1000 765 Tunbridge Wells 108 100 85 65 -
1900 1550 1550 1450 Guildford/Egham 140 113 108 100 -
1866 1666 1600 1440 Epsom 140 125 100 90 -
950 850 725 700 Milton Keynes 90 80 65 63 -
1600 1400 1300 1100 Oxford   120 90 85 80 -
1785 1500 1425 1285 Reading 125 105 100 90 -
1225 1050 950 875 Basingstoke 70 85 80 75 -
1225 1075 925 875 Portsmouth 102 90 85 80 -
1400 1150 950 900 Southampton 105 90 85 80 -
620 600 520 400 Isle of Wight 75 70 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
950 850 800 750 Poole/Ferndown/Verwood 90 80 70 65 -
850 750 650 500 Weymouth 80 75 65 50 -
1075 975 925 775 Exeter 75 70 65 55 -
800 675 550 475 Barnstaple 65 55 45 38 -
950 825 700 575 Plymouth 70 58 50 40 -
1000 725 575 500 Bodmin 70 50 40 38 -
700 650 625 600 Yeovil 65 62 55 50 -
800 750 700 675 Bath 85 75 70 65 -
1000 900 800 750 Bristol 90 85 75 70 -
900 750 700 650 Gloucester 85 75 70 55 -
950 900 875 750 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 -
380 340 330 300 Carmarthen 45 40 36 32 -
275 250 240 225 Merthyr Tydfil 35 28 28 30 -
575 550 525 475 Pontypridd 60 58 56 50 -
595 580 500 400 Swansea 50 48 40 35 -
535 460 365 340 Bangor 55 48 38 35 -
525 430 390 330 Newport 56 48 40 35 -
550 460 380 370 Wrexham (Deeside) 62 48 39 37 -

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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
700 650 616 600 Birmingham 78 70 66 63 -
575 510 500 475 Coventry 60 50 48 45 -
525 410 300 290 Sandwell 57 54 43 40 -
525 450 350 300 Wolverhampton 55 48 40 40 -
770 650 550 500 Tamworth 75 62 55 50 -
520 430 370 320 Telford 60 50 46 40 -
650 450 370 320 Stoke-on-Trent 60 48 43 35 33
740 680 650 650 Leamington Spa 71 65 62 62 -
730 640 500 450 Redditch 80 70 55 50 -
575 500 500 400 Dudley 60 50 50 40 -

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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
1000 800 700 675 Harrogate 90 70 60 60 -
825 775 725 625 York 80 70 60 55 -
750 650 600 500 Bradford 70 65 53 48 -
700 650 600 550 Huddersfield 75 70 60 55 35
800 750 725 675 Leeds 75 68 58 55 -
700 650 600 550 Doncaster 70 65 60 53 -
600 550 500 500 Grimsby 63 50 47 38 -
600 575 550 550 Hull 65 54 45 40 -
700 650 600 550 Sheffield 70 65 60 53 -
750 700 650 625 Wakefield 70 65 58 50 -

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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 -
-  1275 1275 1275 Camden -   115 115 115 -
 -  1750 1500 1375 Islington  -  140 120 110 -
1235 1350 1120 1060 Greenwich/Charlton 105 115 95 90 -
1700 1500 1250 1200 Southwark 150 130 100 80 -
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 102 92 90 90 -
1425 1325 1100 1060 Enfield (Lee Valley) 112 107 95 90 -
1350 1275 1080 1100 Waltham Forest 105 102 92 85 -
1800 1550 1500 1450 Ealing (Park Royal) 120 135 100 100 -
 - 1450 1300 1300 Uxbridge & Hayes  - 110 85 85 -
1570 1430 1150 1285 Croydon 110 100 90 90 -
1450 1300 1000 1000 Wandsworth & Merton 135 115 95 90 -

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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
1140 1000 910 910 Hillington, Glasgow 80 70 64 64 -
430 400 400 360 Irvine 40 40 35 40 -
310 260 225 -  Dumfries   40 35 30  - -
320 330 305 240 Falkirk 45 47 43 34 -
940 900 720 670 Glasgow 80 75 68 47 -
950 800 500 500 Aberdeen 105 90 60 60 -
705 580 500 458 Inverness 85 70 60 55 -
975 900 750 700 Edinburgh 90 77 72 66 11
780 720 700 570 Motherwell/Cambernauld 60 55 50 40 -
415 400 375 330 Dundee 50 48 45 40 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
705 600 535 460 Greater Belfast area 60 50 45 40 30

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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
- - 895 810 East Durham - - 54 49 -
- 580 550 520 Holmewood, Derby - 60 58 50 -
700 650 600 550 Dearne Valley, Doncaster 70 65 55 53 -
- - 600 600 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 January 2007 for factories and warehouses of Type 3 together with regional averages.

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