Industry

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 manimum rental values by region

Capital and rental values as at 1 January 2008

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, and with demolition for redevelopment or conversion for alternative uses, is becoming less common.

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 960 880 600 Cambridge 115 110 90 60
-
675 625 525 485 Peterborough 60 55 45 43
-
650 625 575 500 Ipswich 65 60 55 45
-
550 465 440 380 Norwich 65 54 52 46 -
600 565 525 475 Bedford 75 65 60 55
-
750 660 640 600 Stevenage 90 83 78 73
-
680 600 520 500 Luton 80 73 60 55
-
 - 1050 1100 1100 Hemel Hempstead -  97 92 92
-
1175 1000 940 880 Chelmsford 100 85 80 75
-
1400 880 665 705 Colchester 125 80 60 60
-

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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
675 575 525 500 Lincoln 62 52 47 45 - 
600 550 500 440 Ashfield & Mansfield 55 50 45 40 - 
800 800 850 650 Nottingham 75 75 70 55 20
750 700 600 550 Derby 75 70 64 48 - 
725 725 620 600 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 -
575 400 380 330 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
835 750 625 560 North Tyneside 67 60 50 45 -
685 625 560 560 Cramlington 55 50 45 45 -
845 800 750 700 Team Valley 65 62 58 54 -
685 600 540 500 Middlesbrough 55 48 43 40 -
575 495 440 400 Durham 52 45 40 36 -

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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
600 510 525 500 Bolton 68 58 55 53 28
 - 550 520 550 Manchester  - 63 58 55 - 
540 525 475 450 Rochdale   65 55 50 50 28
575 600 550 500 Salford   65 60 53 50 28
725 610 575 500 Stockport 70 65 58 55 29
650 550 525 525 Blackburn 66 55 53 53 25
540 425 360 315 Lancaster 60 47 40 35 20
650 550 525 525 Preston 66 60 55 55  -
600 525 500 400 Crewe/Congleton ** 68 64 60 44 35
1000 700 680 550 Warrington*** 80 60 55 55  -
550 510 475 450 Wigan 63 58 48 47 25
700 550 450 400 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
 - 1845 1615 1385 Crawley  -  120 105 90 -
900 900 750 675 Eastbourne 80 80 65 60 -
975 850 775 700 Canterbury 80 70 65 60 -
1000 875 815 690 Medway Towns 80 70 65 55 -
1440 1330 1130 870 Tunbridge Wells 108 100 85 65 -
1930 1600 1600 1475 Guildford/Egham 140 113 108 100 -
1950 1750 1700 1500 Epsom 145 130 105 95 -
1075 950 820 795 Milton Keynes 98 87 72 67 -
1780 1450 1350 1200 Oxford   125 95 90 80 -
1750 1700 1600 1550 Reading 125 110 105 100 -
1350 1150 975 925 Basingstoke 85 90 85 82 -
1225 1075 925 875 Portsmouth 102 90 85 80 -
1375 1150 950 900 Southampton 105 90 85 80 -
800 725 680 575 Isle of Wight 78 72 65 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
950 850 800 775 Poole/Ferndown/Verwood 90 80 70 65 -
850 750 650 600 Weymouth 80 75 65 50 -
1180 1100 1035 890 Exeter 80 75 70 60 -
1000 875 725 600 Barnstaple 75 65 55 45 -
1150 950 775 650 Plymouth 78 68 55 45 -
1150 825 625 550 Bodmin 85 60 45 45 -
970 900 840 710 Yeovil 75 70 65 55 -
800 750 700 675 Bath 85 75 70 65 -
1000 900 800 750 Bristol 90 85 75 70 -
900 750 750 650 Gloucester 85 75 70 55 -
950 950 875 775 Swindon 85 75 70 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 -
475 430 380 335 Carmarthen 50 45 40 35 -
350 350 325 300 Merthyr Tydfil 40 35 35 30 -
575 550 525 475 Pontypridd 60 58 56 50 -
595 580 500 400 Swansea 57 50 43 40 -
535 460 365 340 Bangor 55 50 45 40 -
550 450 415 350 Newport 58 50 43 38 -
550 460 380 370 Wrexham (Deeside) 65 60 55 50 -

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West 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
700 650 620 600 Birmingham 78 70 66 63 -
620 540 525 500 Coventry 65 53 50 48 -
610 500 410 340 Sandwell 55 50 45 40 -
610 555 450 400 Wolverhampton 55 50 40 40 -
770 650 550 500 Tamworth 75 62 55 50 -
580 480 400 350 Telford 65 50 46 40 -
675 550 425 375 Stoke-on-Trent * 65 50 48 40 -
790 730 680 680 Leamington Spa 75 70 65 65 -
750 650 500 450 Redditch 80 70 60 50 -
600 520 500 400 Dudley 60 50 45 40 -

* No longer a significant rental market in type 5 multi storey premises. Most have now been demolished for redevelopment or where Listed, converted for residential use.

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Yorkshire and the Humber

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
950 800 700 675 Harrogate 90 70 60 60 -
825 775 725 625 York 80 70 60 55 -
750 650 600 500 Bradford 68 60 53 48 -
750 700 650 600 Huddersfield 75 70 65 55 35
750 720 700 650 Leeds 75 68 57 52 -
700 650 600 550 Doncaster 65 60 55 50 -
600 550 500 500 Grimsby 63 47 45 40 -
625 600 575 550 Hull 63 53 45 43 -
700 650 600 550 Sheffield 65 60 55 50 -
750 700 675 650 Wakefield 72 68 55 52 -

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Inner London

Type 125-75m² 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
 -   1555 1450   1375 Tower Hamlets -   130 120 110 -
-  1500 1500 1500 Camden -   135 135 135 -
 -  1555 1450 1375 Islington  -  140 120 110 -
1165 1275 1055 1060 Greenwich/Charlton 105 115 95 90 -
1650 1500 1450 1300 Southwark 145 135 130 100 -
1320 1210 1155 -  Hammersmith 125 115 100 -  -
no longer an active market for this type of property