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 2006

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 1,800 585 145
Norwich 2,200 1,200 135
Luton 1,900 425 200
Bedford 1,150 325 180
Stevenage 1,000 355 180
Watford 3,000 900 300
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
1,150
335
130
Nottingham
2,600
1,100
275
Derby
1,700
900
170
Leicester
2,000
900
200
Northampton
1,400
750
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
200
Hexham
475
250
-
Metrocentre
3,500
1,800
225
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
165
Blackpool
1,000
400
150
Preston
1,400
750
175
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
1,150
565
130
Canterbury
2,500
1,000
175
Chatham
850
530
175
Tunbridge Wells
1,400
600
215
Guildford
2,300
1,150
290
Staines
1,200
700
235
Crawley
1,500
1000
240
Milton Keynes
2,800
2,500
200
Oxford
2,600
1,250
290
Reading
2,400
960
210
Basingstoke
1,500
550
290
Portsmouth
1,800
600
190
Southampton
2,900
650
240
Newport (IOW)
750
425
150
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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
1,900
1,500
250
Weymouth
850
550
150
Exeter
2,400
950
250
Barnstaple
900
425
120
Plymouth
1,800
950
200
Truro
1,700
900
175
Taunton
1,600
700
225
Bath
2,600
1,300
250
Bristol
2,100
1200
250
Gloucester
1,450
750
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
1,800
1,000
190
Llandudno
1,150
700
135
Newport
1,850
700
135
Wrexham
1,350
700
125
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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
130
Wolverhampton
1,400
750
200
Shrewsbury
1,250
450
160
Stoke on Trent **
2,000
1,000
190
Solihull ***
1,500
1,550
280
Worcester
1,500
325
140
Brierley Hill (Merry Hill)
3,000
2,300
200

** 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 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Harrogate
1,300
750
200
York
1,800
750
200
Bradford
1,300
750
200
Huddersfield
1,250
600
180
Leeds
3,250
850
245
Doncaster
2,000
625
200
Grimsby
1,300
590
130
Hull
1,400
950
210
Sheffield (city)
2,100
800
175
Sheff' Meadowhall
4,000
3,500
175
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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
2,500
520
300
Ayr
1,000
550
200
Dumfries
500
220
100
Stirling
1,350
620
110
Glasgow
2,900
1,200
300
Aberdeen (Bon Accord)
1,800
400
225
Inverness
1,250
500
300
Edinburgh
3,175
1,600
310
East Kilbride
1,400
500
300
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
925
500
300
Camden
1,725
-
-
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
1,500
190
Bexleyheath
1,500
700
353
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
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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