Annual rental cost of prime retail rents in the United Kingdom (UK) Q3 2019

As of the second quarter of 2019, the London West End was the most expensive location for prime retail rents, with prices reaching over 16.3 thousand euros per square meter per year. The West End was ranked ahead of the London City, which came in third. In Glasgow, the annual costs of rental per square meter of prime retail real estate amounted to nearly 2.7 thousand euros. The second most populous city of Scotland, Edinburgh, saw rental prices of prime retail properties hit just over 1.8 thousand euros per square meter annually.

Retail warehouses

Retail warehouses typically range from fifty thousand to hundreds of thousands of square feet. They are used for keeping and distributing inventory. Retail warehouses include loading docks, truck doors and large parking lots; also, they may contain a limited amount of office space. Prime retail warehouse properties belong to the wider category of industrial property, along with other real estate types, such as distribution buildings, showroom facilities, manufacturing buildings, cold storage facilities, telecom or data hosting centers, "flex" buildings denoting more than one industrial or commercial facility housed in the same building, and finally R&D buildings.

Prime yields of high street retail across Europe

According to a report conducted by BNP Paribas, as of the second quarter of 2019, retail real estate prime yields in Warsaw (Poland) and Lisbon (Portugal) reached 4.25 percent. As could be expected, larger cities in Europe tended to produce lower yields, with Central London and Paris, Munich and Berlin all having net prime yields of retail real estate under three percent.

Annual rental cost of prime retail rents in the United Kingdom (UK) as of the 3rd quarter 2019, by city

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Source

Release date

October 2019

Region

United Kingdom

Survey time period

3rd quarter 2019

Supplementary notes

The source adds the following information: "Square footage prices in Zone A. Price per square meter in euros based on an equivalent non-Zone A basis. Note: zoning practices differ between cities".

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Statistics on "Real estate in the United Kingdom"

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