The cost of 'small shed' and 'big shed' prime industrial warehouse space per square foot in London, United Kingdom (UK) were the highest in Park Royal and Canning Town, where rents amounted to 30 British pound per square foot as of January 2021. The price per square foot of smaller industrial warehousing was more expensive than that of larger warehousing. Other factors that could affect pricing included proximity to major road systems and key population areas, as well as the price of developing land and staff costs.
Prime industrial rents of new small and large warehouse units in London as of January 2022, by area
(in GBP per square foot)
New units. Small shed: 10,000 to 30,000 square feet (929 - 2,787 square meters), big shed: 100,000 sq ft + (18,580 sq m)
Supplementary notes
The source added the following information:
For small sheds, "rents apply to units of 10,000 - 30,000 sq ft + (929 - 2,787 sq m). Units stand in a prime industrial location."
For big sheds, "rents apply to units of 100,000 sq ft + (9290 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 small and large warehouse units in London as of January 2022, by area (in GBP per square foot) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/1003215/small-industrial-rent-costs-in-london-united-kingdom-uk/
Colliers International. "Prime industrial rents of new small and large warehouse units in London as of January 2022, by area (in GBP per square foot)." Chart. February 23, 2022. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/1003215/small-industrial-rent-costs-in-london-united-kingdom-uk/
Colliers International. (2022). Prime industrial rents of new small and large warehouse units in London as of January 2022, by area (in GBP per square foot). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/1003215/small-industrial-rent-costs-in-london-united-kingdom-uk/
Colliers International. "Prime Industrial Rents of New Small and Large Warehouse Units in London as of January 2022, by Area (in Gbp per Square Foot)." Statista, Statista Inc., 23 Feb 2022, https://www.statista.com/statistics/1003215/small-industrial-rent-costs-in-london-united-kingdom-uk/
Colliers International, Prime industrial rents of new small and large warehouse units in London as of January 2022, by area (in GBP per square foot) Statista, https://www.statista.com/statistics/1003215/small-industrial-rent-costs-in-london-united-kingdom-uk/ (last visited June 29, 2022)
