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 maximum rental values by region

Capital and rental values as at 1 July 2006

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
115 105 95  60
-
600 575 475 420
Peterborough
58 55 45 40
-
590 550 455 430
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
-
1000 900 850 850
Chelmsford
95 80 75 75
-
1400 880 665 705
Colchester
125 80 60 64
-

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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
425 375 325 300
Lincoln
53 47 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 -
550 390 375 325 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
650 470 430 350 North Tyneside 67 47 45 35 -
516 425 385 325 Cramlington 47 40 35 35

-

750 675 575 575 Team Valley 64 55 48 54 -
460 460 475 450 Middlesbrough 45 45 40 38 -
500 410 315 300 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
595 450 470 445 Bolton 63 58 52 50 28
- 490 500 470 Manchester - 53 50 48 -
535 500 450 440 Rochdale   55 50 47 45 25
550 550 500 475 Salford   60 56 45 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 700 680 400 Warrington*** 80 60 55 55 -
525 480 460 440 Wigan 60 50 45 43 25
625 490 320 285 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
- 1550 1350 1150 Crawley - 118 103 88 -
808 808 608 542 Eastbourne 85 85 64 57 -
865 755 705 635 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 -
1800 1550 1500 1400 Guildford/Egham 140 113 108 100 -
1695 1515 1430 1285 Epsom 140 125 100 90 -
950 850 725 700 Milton Keynes 90 80 65 63 -
1650 1500 1400 1200 Oxford   120 90 85 80 -
1785 1543 1470 1293 Reading 125 105 100 85 -
1250 1075 1000 925 Basingstoke 65 85 80 75 -
1125 1025 850 800 Portsmouth 98 87 82 77 -
1400 1150 950 900 Southampton 105 90 85 80 -
590 680 485 380 Isle of Wight 75 70 63 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
850 800 750 700 Poole/Ferndown/Verwood 90 80 70 65 -
750 650 550 450 Weymouth 75 68 60 50 -
850 800 750 685 Exeter 70 65 60 55 -
625 525 410 390 Barnstaple 60 50 40 35 -
700 590 530 410 Plymouth 60 50 45 35 -
845 600 450 420 Bodmin 65 48 38 35 -
700 650 600 550 Yeovil 65 62 55 50 -
775 725 675 650 Bath 80 75 65 60 -
850 800 750 700 Bristol 90 85 75 70 -
800 650 650 525 Gloucester 80 75 65 55 -
900 900 875 750 Swindon 80 75 65 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 -
380 340 330 290 Carmarthen 45 40 36 32 -
275 250 240 225 Merthyr Tydfil 35 28 28 30 -
575 550 525 475 Pontypridd 60 58 56 50 -
390 360 330