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 July 2005

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 one of the following zoning patterns as appropriate:
Zone Pattern 1 (ZP 1) 6.10m zone A, 6.10m zone B '(20ft/20ft)
Zone Pattern 2 (ZP 2) 4.57m zone A, 7.62m zone B '(15ft/25ft)
All measurements are based on gross internal areas.

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

East of England

LOCATION
Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Cambridge 2375   1200   300
Peterborough 2200   1050   245
Ipswich 1780   575   140
Norwich 2000   1200   145
Luton 1900   425   200
Bedford 1150   325   180
Stevenage 1000   355   180
Watford 3000   900   300
Chelmsford 2000   1200   240
Colchester 1850   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 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Lincoln 1400   500   150
Mansfield 1100   320   115
Nottingham 2500   1000   250
Derby 1600   775   150
Leicester 2000   900   150
Northampton 1400   750   240
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North East

LOCATION
Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Newcastle 3600   1750   200
Hexham 475   250    
Metrocentre 3500   1750   225
Middlesbrough 1600   950   295
Durham 1250   750   190
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North West/Merseyside

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1

Type 2
£/m2/ ann
ZP 2

 Type 3
£/m2/ ann
GIA
Bolton 1600   750   240
Manchester 3500   2500   300
Rochdale 1200   450   200
Altrincham 1250   600   240
Stockport 2150   750   240
Blackburn 1400   275   160
Blackpool 1000   400   150
Preston 1400   750   175
Chester 2100   1700   290
Crewe 775   625   185
Warrington 1450   400   170
Wigan 1000   400   200
Carlisle 1500   1100   120
Kendal 800   450   110
Liverpool * 2700   1300   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 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Brighton 2000   1450   275
Eastbourne 1100   500   125
Canterbury 2750   1000   175
Chatham 800   500   165
Tunbridge Wells 1400   600   200
Guildford 2300   1150   290
Staines 1200   700   235
Crawley 1750   900   230
Milton Keynes 3000   2650   200
Oxford 2600   1250   290
Reading 2200   915   200
Basingstoke 1300   550   220
Portsmouth 1800   600   185
Southampton 2500   650   230
Newport (IOW) 750   350   150
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South West

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ann
GIA
Bournemouth 1700   1300   180
Weymouth 700   400   110
Exeter 2000   850   240
Barnstaple 800   400   120
Plymouth 1650   900   200
Truro 1550   800   160
Taunton 1400   650   225
Bath 2500   1250   200
Bristol 2000   925   220
Gloucester 1450   670   175
Swindon 1900   500   200
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Wales

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Cardiff 3000   775   165
Carmarthen 900   400   130
Merthyr Tydfil 850   425   110
Bridgend 800   450   130
Swansea 1800   1000   190
Llandudno 1100   700   135
Newport 1650   550   125
Wrexham 1250   675   125
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West Midlands

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ann
GIA
Birmingham 2900   1250   300
Coventry 1600   670   215
West Bromwich 800   400   210
Wolverhampton 1300   700   150
Shrewsbury 1250   450   190
Stoke on Trent ** 2125   1000   190
Solihull *** 2000   1450   240
Worcester 1450   325   140
Brierley Hill (Merry Hill) 2500   2000   150

** 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
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Yorkshire and the Humber

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Harrogate 1300   750   200
York 1800   750   200
Bradford 1300   750   200
Huddersfield 1200   500   150
Leeds 3250   850   245
Doncaster 1250   625   145
Grimsby 1300   590   130
Hull 1400   950   210
Sheffield (city) 2100   800   160
Sheff' Meadowhall 4000   2500   160
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Scotland

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ann
GIA
Paisley/Braehead 2380   520   300
Ayr 1500   550   200
Dumfries 475   220   75
Stirling 1130   620   110
Glasgow 2900   1200   300
Aberdeen (Bon Accord) 1750   400   225
Inverness 1250   500   300
Edinburgh 3175   1540   300
East Kilbride 1400   500   300
Dundee - Murraygate 1500   500   200
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Inner London

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Stratford Centre 925   500   300
Camden 1725        
Islington 900   700    
Peckham 750   550   250
Kensington 6250   1750    
Oxford Street 4750   3750    
City of London 3150   2000    

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 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Romford 2150   950    
Enfield 1550   1250   285
Ilford (Exchange Centre) 1800   750    
Ealing 2085   1450   190
Bexleyheath 1500   700   353
Harrow 1600   1400   190
Croydon 2500   750   300
Kingston upon Thames 3000   2200   350
Brent Cross 4750   3700    

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Northern Ireland

LOCATION Type 1
£/m2/ann
ZP 1		 Type 1
£/m2/ ann
ZP 2		 Type 2
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 2		 Type 3
£/m2/ ann
GIA
Belfast** 2800   2200   250

** 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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