The cost of 'big shed' prime industrial warehouse space per square foot in varied greatly across different cities in the United Kingdom (UK) as of January 2022. The most expensive market was Greenford, London, at 25 British pounds per square foot, while the least expensive was Teesside, Northern Ireland, at 5.95 British pounds. Furthermore, the price per square foot of larger (100+ thousand square foot) industrial warehousing was less expensive that that of smaller warehousing. Other factors that could affect pricing included location, proximity to major road systems, key population areas, price of developing land and staff costs.
Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city
(in GBP per square foot)
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Price per square foot in GBP
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The source added the following information: "Rents apply to units of 100,000 sq ft + (9,290 sq m). Figures shown are estimates of
achievable open market rents (GIA per sq ft) for each location as at January 2022, assuming normal incentives."
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Colliers International. (February 23, 2022). Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city (in GBP per square foot) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/
Colliers International. "Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city (in GBP per square foot)." Chart. February 23, 2022. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/
Colliers International. (2022). Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city (in GBP per square foot). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/
Colliers International. "Prime Industrial Rents of New Large Warehouse Units in The United Kingdom (Uk) as of January 2022, by City (in Gbp per Square Foot)." Statista, Statista Inc., 23 Feb 2022, https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/
Colliers International, Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city (in GBP per square foot) Statista, https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/ (last visited June 18, 2024)
Prime industrial rents of new large warehouse units in the United Kingdom (UK) as of January 2022, by city (in GBP per square foot) [Graph], Colliers International, February 23, 2022. [Online]. Available: https://www.statista.com/statistics/1003179/big-industrial-rent-costs-in-the-united-kingdom-uk/