By Emanuela Barbiroglio2018-05-25T00:00:00
Industrial land values in some parts of the UK hit £4m per acre by the end of April 2018 due to the ongoing supply/demand imbalance, according to Carter Jonas’s latest industrial overview.
The £4m-per-acre mark was achieved on land deals in Heathrow and Park Royal. Values have also grown significantly in Croydon, where the price per acre now stands at £3m – a 300% increase on 2012.
“The lack of speculative development [of industrial buildings] has led to an imbalance in the market, with some occupiers having to wait for build-to-suit opportunities. This in turn is driving up land values or pushing up prime rents by over 19% and secondary stock or existing units by 16%,” says Andrew Smith, partner at Carter Jonas.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.