Shops

Contents

East of England

East Midlands

North East

North West/Merseyside

South East

South West

Wales

West Midlands

Yorkshire and the Humber

Scotland

Inner London

Outer London

Northern Ireland

 

Rental Values as at 1 January 2007

The following tables indicate zone A rental values on full repairing terms reported by DVs for three types of shop premises.

Type 1

Prime position in principal shopping centre.

Type 2

Good secondary off peak position in principal shopping centre.

Type 3

Modern, purpose built, non-food, warehouse unit, circa 2,500sq.m-5,000sq.m. Edge of town location with car parking.

Rents have been analysed on a Zone Pattern 1 (ZP 1) 6.10m zone A, 6.10m zone B '(20ft/20ft) with the exception of

Oxford Street where zones of 9.14 are the norm.  The figures reported for Oxford St are based on a 9.14 zoning pattern.

All measurements are based on gross internal areas.

 

East of England

LOCATION
Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Cambridge 2,485 1,300 300
Peterborough 2,200 1,050 250
Ipswich 1,800 600 145
Norwich 2,200 1,200 135
Luton 1,900 425 200
Bedford 1,150 325 180
Stevenage 1,000 355 180
Watford 2,900 900 300
Chelmsford 2,000 1,300 280
Colchester 1,850 830 190

Chelmsford Type 2 location has changed to High Chelmer a 1960's covered precinct

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East Midlands

LOCATION
Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Lincoln 1,500 550 170
Mansfield 1,200 375 150
Nottingham 2,600 1,100 275
Derby 1,700 900 170
Leicester 2,300 900 200
Northampton 1,500 800 250

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North East

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Newcastle 3,600 1,750 210
Hexham 475 250 -
Metrocentre 3,500 1,800 230
Middlesbrough 1,700 1,000 300
Durham 1,400 775 200

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North West/Merseyside

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Bolton 1,675 800 240
Manchester 3,000 2,300 300
Rochdale 1,300 425 200
Altrincham 1,250 525 240
Stockport 2,250 725 275
Blackburn 1,400 300 195
Blackpool 1,000 400 150
Preston 1,400 750 200
Chester 2,100 1,700 290
Crewe 775 625 185
Warrington 1,450 500 185
Wigan 950 400 200
Carlisle 1,500 1,100 120
Kendal 800 450 110
Liverpool * 3,200 2,100 225

* type 3 location has changed to Mersey Retail park where the beacon property type
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South East

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Brighton 2,100 1,500 275
Eastbourne 1,175 550 130
Canterbury 2,250 1,000 175
Chatham 850 530 175
Tunbridge Wells 1,400 600 215
Guildford 2,300 1,150 290
Staines 1,250 700 235
Crawley 1,500 1000 240
Milton Keynes 2,800 2,500 200
Oxford 2,600 1,300 290
Reading 2,400 960 230
Basingstoke 1,500 550 290
Portsmouth 1,800 600 195
Southampton 3,000 650 300
Newport (IOW) 750 430 175

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South West

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ann
GIA
Bournemouth 2,000 1,500 250
Weymouth 850 550 150
Exeter 2,400 950 275
Barnstaple 900 425 130
Plymouth 1,900 950 200
Truro 1,700 900 185
Taunton 1,600 700 225
Bath 2,600 1,300 275
Bristol 2,000 1250 275
Gloucester 1,450 800 200
Swindon 2,000 750 250

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Wales

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Cardiff 3,100 775 165
Carmarthen 900 400 130
Merthyr Tydfil 850 500 110
Bridgend 800 450 130
Swansea 1,650 1,000 190
Llandudno 1,150 700 135
Newport 1,850 700 135
Wrexham 1,350 700 135

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West Midlands

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ann
GIA
Birmingham 3,100 1,350 300
Coventry 1,600 670 250
West Bromwich 800 400 160
Wolverhampton 1,400 800 200
Shrewsbury 1,300 450 160
Stoke on Trent ** 2,125 1,000 210
Solihull *** 2,000 1,550 300
Worcester 1,550 350 140
Brierley Hill (Merry Hill) 3,000 2,300 235

** type 3 is situated on a retail park one mile from the city centre
*** Type is based on the new Touchwood Centre , type 2 is the fomer main shopping centre

There was an inputting error in the January and July 2006 editions as follows:

The Shrewsbury type 1 value should have been £1,250/m2 at both dates. The Worcester type 1

value should have been £1,500/m2 at both dates.


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Yorkshire and the Humber

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Harrogate 1,400 775 200
York 1,800 750 200
Bradford 1,300 750 200
Huddersfield 1,350 650 200
Leeds 3,250 850 245
Doncaster 2,000 625 200
Grimsby 1,300 600 150
Hull 1,400 850 210
Sheffield (city) 2,100 850 185
Sheff' Meadowhall 4,000 3,500 185

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Scotland

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ann
GIA
Paisley/Braehead 2,400 550 250
Ayr 1,000 550 200
Dumfries 500 220 150
Stirling 1,350 620 110
Glasgow 3,000 1,300 250
Aberdeen (Bon Accord) 1,800 400 230
Inverness 1,250 500 300
Edinburgh 3,175 1,600 310
East Kilbride 1,400 500 200
Dundee - Murraygate 1,500 500 200

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Inner London

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Stratford Centre 1,150 625 300
Camden 1,885 - -
Islington 900 700 -
Peckham 700 500 -
Kensington 6,250 2,500 -
Oxford Street 5,000 4,000 -
City of London 3,500 2,000 -

Oxford St zone pattern is 9.14,9.14,9.14

The prime location at Islington is now Upper Street/Angel. Good secondary is the Nags Head Centre
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Outer London

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Romford 2,150 950 -
Enfield 1,550 1,200 285
Ilford (Exchange Centre) 1,880 750 -
Ealing 2,085 1,450 190
Bexleyheath 1,500 850 350
Harrow 1,600 1,400 190
Croydon 2,500 750 300
Kingston upon Thames 3,200 2,200 350
Brent Cross 4,750 3,700 -

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Northern Ireland

LOCATION Type 1
£/m2/ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Belfast** 2,800 2,300 300

** The zone pattern for Type 1and 2 is 5m zone A, 8m zone B.
Type 3 is based on rents at Sprucefield outside Lisburn, which is 'out of town' rather than suburban.

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