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 January 2008

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 2,550 1,300 355
Peterborough 2,250 1,050 250
Ipswich 1,650 600 175
Norwich 2,350 1,175 160
Luton 1,800 425 200
Bedford 1,000 325 180
Stevenage 1,150 355 180
Watford 2,800 900 300
Chelmsford 2,200 1,350 300
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 1,500 600 170
Mansfield 1,250 375 150
Nottingham 2,300 1,100 275
Derby 1,500 750 175
Leicester 2,350 900 200
Northampton 1,500 900 225

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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 1,750 250
Hexham 475 250 -
Metrocentre 3,500 1,800 250
Middlesbrough 1,700 1,000 300
Durham 1,300 675 250

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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   1,750 825 240
Manchester 3,050 2,300 300
Rochdale 1,325 500 210
Altrincham 1,325 575 245
Stockport 2,250 725 275
Blackburn 1,425 300 195
Blackpool 1,000 400 160
Preston 1,450 750 200
Chester 2,100 1,700 300
Crewe 825 625 185
Warrington 1,650 470 195
Wigan 1,000 425 210
Carlisle 1,550 1,100 165
Kendal 800 450 110
Liverpool * 3,425 2,250 275

* 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 1,200 525 275
Canterbury 2,350 1,100 175
Chatham 850 530 175
Tunbridge Wells 1,400 600 215
Guildford 2,300 1,150 290
Staines 1,350 725 235
Crawley 1,500 1000 240
Milton Keynes 2,800 2,500 200
Oxford 3,000 1,500 300
Reading 2,400 960 230
Basingstoke 1,500 550 290
Portsmouth 1,850 600 200
Southampton 3,500 650 310
Newport (IOW) 800 500 200

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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 2,000 1,600 275
Weymouth 1,200 700 225
Exeter 2,400 950 275
Barnstaple 950 475 205
Plymouth 1,950 1,000 200
Truro 1,750 925 185
Taunton 1,600 700 225
Bath 2,650 1,300 275
Bristol 2,200 1,250 275
Gloucester 1,600 900 200
Swindon 2,100 1,000 250

Weymouth prime location is now the New Bond Street area.

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Wales

LOCATION Type 1
£/m2/ ann
ZP 1		 Type 2
£/m2/ ann
ZP 1		 Type 3
£/m2/ ann
GIA
Cardiff 3,200 900 165
Carmarthen 950 450 140
Merthyr Tydfil 850 500 120
Bridgend 800 450 130
Swansea 1,550 1,050 180
Llandudno 1,200 735 135
Newport 1,850 700 135
Wrexham 1,425 750 135

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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 3,300 1,500 325
Coventry 1,600 700 280
West Bromwich 800 450 160
Wolverhampton 1,450 800 230
Shrewsbury 1,350 470 170
Stoke on Trent ** 2,125 1,000 210
Solihull *** 2,000 1,550 330
Worcester 1,550 350 140
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 1,400 775 200
York 1,900 775 200
Bradford 1,400 775 200
Huddersfield 1,500 675 200
Leeds 3,350 875 250
Doncaster 1,500 675 200
Grimsby 1,300 625 180
Hull 1,500 850 180
Sheffield (city) 2,500 850 185
Sheff' Meadowhall 4,000 3,500 185

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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 2,400 550 250
Ayr 1,000 550 200
Dumfries 500 220 150
Stirling 1,375 675 130
Glasgow 3,000 1,300 250
Aberdeen (Bon Accord) 1,800 400 230
Inverness 1,240 500 300
Edinburgh 2,850 1,600 360
East Kilbride 1,400 500 200
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 1,500 800 300
Camden 1,885 - -
Islington 2,000 700 -
Peckham 775 600 -
Kensington 5,750 2,500 -
Oxford Street 5,500 4,400 -
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 2,300 975 -
Enfield 1,550 1,200 295
Ilford (Exchange Centre) 1,800 800 -
Ealing 2,000 1,450 250
Bexleyheath 1,500 900 475
Harrow 1,600 1,400 190
Croydon 2,500 750 300
Kingston upon Thames 3,550 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 2,300 300

** 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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