If you’re interested in renting a warehouse in England, you’ve come to the right place. In this article, we’ll discuss the current warehouse rental market in England, the cost to rent a warehouse, and the recent planning row over new warehouses. To begin, let’s talk about the demand for warehouse space. After all, it’s not unusual to find warehouses for rent in England, but there are some specific considerations that need to be considered before signing a lease.
Demand for warehouse space
The growing popularity of online shopping is fuelling demand for warehouse space across England. A recent study by Colliers revealed that warehouse space in England will double in size by 2021, compared to today. In fact, by that time, the UK’s warehouse floorspace will be twice the size of Hyde Park. As a result, construction starts and planning consents are down significantly from last year, suggesting that this trend is set to continue.
The UK has an acute shortage of warehousing space, largely due to an explosion of online shopping. Despite this, warehouse space is being taken up by major retailers as they prepare to ramp up for the Christmas rush. The latest available warehouse space figures show that 39% of this space has been leased to online retailers. The companies that have signed lease agreements are prepared to pay 20% above asking prices. This means that the supply levels in the northern belt of England are particularly tight.
Cost of renting a warehouse
If you’re starting a new business and need to rent a warehouse, you’ll probably be surprised at the prices. Prime industrial property in the UK is highly expensive, and London is a prime example. London’s rents averaged over 17 British pounds per square foot, while the South West had the lowest rents. One square foot in this region cost about 5.50 euros on average. Overall, the cost of prime warehouse rents in the UK represents the high end of the European scale. Large warehouse rents in the Nordic region are also comparable.
Renting a small warehouse in England can cost about PS1.5 million. Prices vary widely based on size, location, and amenities. Warehouse rentals in central London can be over PS1.5 million. Those who need less space can rent a warehouse for PS1,000 a month. Larger warehouses can cost more than PS3,000 per month. If you’re renting for less than a year, you’ll want to find a warehouse that’s at least 100 square feet, as they’re generally larger than 4,000 square feet.
Locations of available warehouses in England
The demand for warehouse space has grown considerably in recent years, with a surge in e-commerce driving the need for space. Companies have long been concerned with the location of available warehouses, as their productivity often depends on central stock, flexibility, and responsiveness to customer demand. The following are the key locations for warehouses in England. Read on to discover the best options for your business. Location is key for businesses that need to deliver products on time.
The South East of England is home to a thriving supply-chain community and good motorway links make it a popular location for 3PL. A recent report showed that 3.4 million square meters of warehouse space is planned for construction in England in the coming year, up 60 percent from last year. The UK’s warehouse market is now one of the hottest sectors in real estate, and the UK is well-placed to benefit. The increase in warehouse space is expected to spur ecommerce in the country, boosting employment and the economy.
Planning row over new warehouses in England
A planning row over new warehouses in England has again surfaced in the media following recent decisions by the government and the local council. Hampshire MPs have called for a fresh review of the government’s plans for new warehouses in the area and have expressed concerns about plans for a hospital in the town. The proposals for the Blakelands warehouse in Milton Keynes, England, were also condemned by residents in the area.
In the past few decades, the architectural and functional design of warehouses in the UK has reached a high point. In Manchester, for example, a number of historic warehouses have been overshadowed by new buildings, which have devalued their settings. However, economic viability and the impact of adaptive reuse remain significant challenges. The conservation of a specific warehouse presents a complex set of technical issues that can prove difficult to overcome, especially for inexperienced developers. Not to mention the cost of refurbishing the warehouse in a state of poor repair!