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Property Market Report January 2008

Property Market Report | Industrial Land

Industrial Land

Contents

Range of values for:

- North East
- North West
- Merseyside
- Yorkshire and the Humber
- East Midlands
- West Midlands
- Eastern
- London
- South East
- South West
- Wales
- Scotland
Land for the development of factories and warehouses
Class B1 Land
Industrial land values from 1983 in England and Wales (graphs)

Industrial and warehouse land values as at 1 January 2008

The table below shows the range of typical values reported by District Valuers together with the typical value for each region. These values should be regarded as illustrative rather than definitive.

Typical values by region, industrial and warehouse land

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Industrial and warehouse land values as at 1 January 2008

ALL REGIONS
	From £s per ha	To £s per ha	Typical £s per ha
North East	100,000	280,000	198,000
North West and Merseyside	200,000	950,000	502,000
Yorkshire and the Humber	300,000	950,000	649,000
East Midlands	250,000	700,000	450,000
West Midlands	300,000	1,300,000	581,000
Eastern	425,000	2,750,000	1,136,000
South East	300,000	2,950,000	1,499,000
South West	300,000	1,400,000	756,000
Wales	145,000	445,000	252,000
England & Wales (excluding London)	100,000	2,950,000	735,000
London	855,000	5,100,000	2,425,000
Scotland	110,000	1,000,000	320,000

Range of values reported as at 1 January 2008

NORTH EAST
	From £s per ha	To £s per ha	Typical £s per ha
North Tyneside (Newcastle)	200,000	275,000	240,000
Northumberland (Cramlington)	100,000	200,000	150,000
Sunderland	175,000	280,000	220,000
Middlesbrough	150,000	275,000	190,000
Durham	175,000	250,000	190,000

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NORTH WEST
	From £s per ha	To £s per ha	Typical £s per ha
Bolton and Bury	400,000	650,000	550,000
Manchester	450,000	750,000	650,000
Rochdale/Oldham	325,000	600,000	475,000
Salford/Trafford	500,000	950,000	825,000
Stockport	375,000	650,000	500,000
Wigan	300,000	500,000	400,000
Blackburn/Burnley	400,000	600,000	500,000
Lancaster	300,000	750,000	550,000
Central Lancs (Preston)	500,000	750,000	625,000
Birkenhead	220,000	300,000	250,000
Crewe & Nantwich	400,000	550,000	450,000
Macclesfield	400,000	550,000	450,000
Warrington	325,000	600,000	500,000
Carlisle/M6 Corridor	400,000	500,000	450,000
Kendal	500,000	650,000	575,000

MERSEYSIDE
	From £s per ha	To £s per ha	Typical £s per ha
Liverpool	200,000	375,000	275,000

YORKSHIRE AND THE HUMBER
	From £s per ha	To £s per ha	Typical £s per ha
Harrogate	450,000	700,000	650,000
York	450,000	600,000	600,000
Bradford	600,000	800,000	750,000
Huddersfield	600,000	800,000	700,000
South Leeds	800,000	950,000	900,000
Doncaster	400,000	650,000	575,000
Grimsby	300,000	500,000	370,000
Hull	400,000	650,000	620,000
Sheffield	400,000	650,000	575,000
Wakefield	600,000	800,000	750,000

EAST MIDLANDS
	From £s per ha	To £s per ha	Typical £s per ha
Lincoln	300,000	350,000	325,000
Mansfield	250,000	350,000	275,000
Nottingham	475,000	625,000	550,000
Derby	375,000	525,000	450,000
Leicester	400,000	700,000	600,000
Northampton	450,000	650,000	500,000

WEST MIDLANDS
	From £s per ha	To £s per ha	Typical £s per ha
Birmingham	500,000	1,300,000	900,000
Coventry	310,000	740,000	680,000
Sandwell	325,000	540,000	430,000
Wolverhampton	500,000	650,000	550,000
Tamworth	350,000	600,000	500,000
Telford	300,000	460,000	380,000
Stoke/Stafford	325,000	650,000	425,000
Leamington Spa	570,000	750,000	740,000
Redditch	550,000	900,000	750,000
Dudley	350,000	550,000	450,000

EASTERN
	From £s per ha	To £s per ha	Typical £s per ha
Cambridge	650,000	1,400,000	900,000
Peterborough	575,000	750,000	650,000
Ipswich	460,000	745,000	600,000
Norwich	425,000	615,000	525,000
Stevenage	700,000	2,300,000	1,500,000
Luton	700,000	850,000	800,000
Hemel Hempstead	1,750,000	2,750,000	2,500,000
Basildon	1,360,000	2,470,000	2,100,000
Colchester	425,000	800,000	650,000

LONDON
	From £s per ha	To £s per ha	Typical £s per ha
Stratford E15	1,850,000	3,100,000	2,470,000
Islington/Hackney	1,850,000	2,700,000	2,470,000
Greenwich	1,400,000	2,900,000	2,100,000
Southwark	2,100,000	3,500,000	2,750,000
Barking and Dagenham	760,000	2,725,000	1,750,000
Walthamstow	855,000	2,360,000	1,400,000
North/East Enfield and Haringey	2,360,000	3,380,000	2,500,000
Park Royal	4,500,000	5,100,000	4,750,000
Hayes	2,300,000	2,800,000	2,500,000
Croydon	1,500,000	2,500,000	2,000,000
Merton/Mitcham	1,000,000	3,750,000	2,000,000

SOUTH EAST
	From £s per ha	To £s per ha	Typical £s per ha
Crawley	2,250,000	2,950,000	2,250,000
Eastbourne	800,000	1,100,000	900,000
Canterbury	800,000	1,100,000	950,000
Medway Towns	975,000	1,150,000	1,050,000
Maidstone/Medway Gap	1,155,000	1,470,000	1,285,000
Guildford/Egham	1,850,000	2,400,000	2,200,000
Sunbury	2,100,000	2,750,000	2,450,000
Milton Keynes	1,050,000	1,300,000	1,200,000
Oxford	1,000,000	1,400,000	1,200,000
Reading	1,850,000	2,150,000	1,950,000
Basingstoke	1,400,000	2,150,000	1,850,000
Portsmouth	1,100,000	1,750,000	1,350,000
Southampton	1,650,000	2,300,000	1,900,000
Newport(IOW)	300,000	600,000	450,000

SOUTH WEST
	From £s per ha	To £s per ha	Typical £s per ha
Poole/Bournemouth	950,000	1,400,000	1,200,000
Weymouth	500,000	775,000	650,000
Exeter	700,000	950,000	850,000
Barnstaple	310,000	495,000	350,000
Plymouth	350,000	475,000	375,000
Bodmin	300,000	400,000	350,000
Yeovil	475,000	925,000	700,000
Bristol	770,000	1,140,000	955,000
Gloucester	750,000	1,100,000	925,000
Swindon	900,000	1,350,000	1,200,000

WALES
	From £s per ha	To £s per ha	Typical £s per ha
Cardiff	300,000	445,000	380,000
Carmarthen	160,000	210,000	190,000
Merthyr Tydfil	175,000	250,000	200,000
Taff Ely	145,000	240,000	165,000
Swansea	190,000	245,000	235,000
Colwyn Bay/Llandudno	200,000	300,000	250,000
Newport	300,000	425,000	370,000
Deeside	200,000	300,000	225,000

SCOTLAND
	From £s per ha	To £s per ha	Typical £s per ha
Hillington	200,000	300,000	250,000
Irvine	110,000	110,000	110,000
Dumfries	120,000	240,000	150,000
Falkirk (new location)	300,000	350,000	325,000
Glasgow	250,000	400,000	370,000
Aberdeen	600,000	1,000,000	750,000
Inverness	430,000	570,000	430,000
Edinburgh	245,000	600,000	450,000
Motherwell/Hamilton	190,000	200,000	200,000
Dundee	125,000	175,000	160,000

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Land for the development of factories and warehouses as at 1 January 2008 in some of the main industrial areas (excluding London).

The chart shows the typical value of industrial development land in some of the main industrial areas in England, Scotland, and Wales (excluding London).

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Class B1 Land (Use Class 4 Scotland) as at 1 January 2008

The tables below shows the range of typical Class B1 ** values reported by District Valuers together with the typical value for each region. These values should be regarded as illustrative rather than definitive.

Region	From £s per ha	To £s per ha	Typical £s per ha
North East	100,000	500,000	277,000
North West and Merseyside	250,000	1,500,000	640,000
Yorkshire and the Humber	400,000	1,850,000	889,000
East Midlands	325,000	850,000	588,000
West Midlands	350,000	1,500,000	713,000
Eastern	650,000	2,750,000	1,389,000
South East	300,000	3,150,000	1,676,000
South West	300,000	1,600,000	879,000
Wales	155,000	470,000	327,000
England & Wales (excluding London)	100,000	3,150,000	879,000
London	1,000,000	5,745,000	2,975,000
Scotland	150,000	3,100,000	726,000

Typical values by region Class B1 land (Use Class 4 in Scotland)

** Class B1 is for use as an office other than for financial and professional services, for research and development of products or processes or for an industrial process which can be carried out in a residential area without detriment to the amenity of that area.

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Industrial land values from 1983 in England and Wales

The data up to Autumn 1997 is the maximum, minimum and midpoint value within the region. From 1998 onwards the midpoint is replaced by the average typical value for the region.

North East