Access our interactive rents maps showing the change of prime rents, secondary rents and land values across more than 90 locations in the UK.
These maps relate industrial & logistics property and assets such as warehouses and distribution centres.
Key findings:
- Average land value growth in the UK sky rocketed, reporting a record 71.5% (from £1.98 million an acre to £3.39 million an acre) annual increase in January 2022 as investors compete for sites and speculative space is let fast.
- The average prime rent for large distribution warehouses (100,000 sq ft +) in the UK rose by 15.6% (y/y) to £9.24 per sq ft.
- Similarly, the prime rent for smaller and multi-let units in the UK reached £12.36 per sq ft, up 15.5% (y/y). Prime rents for London industrial assets recorded a 25.4% annual increase on average.
- Looking ahead, in 2022, we envisage demand for warehouse and multi-let space to remain strong. Rental growth will remain robust, which will further create scope for land values to edge higher.
