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"Demand for industrial floor space in East London moved to 15.2m sq ft and the competition for space has pushed prime rents to £30.00 per sq ft."

Peter Higgins
Divisional Partner
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Our View

Prime rents in East London moved to £30.00 per sq ft in the six months to the end of September 2021 as levels of competition amongst occupiers strengthened against a back drop of tightening supply. 

Take up in the East London industrial market moved back to trend levels for the first time in six years in the nine months to the end of September 2021.  Activity in the year to date has totalled 751,800 sq ft, already rivalling the figure for the whole of the previous 12 months. Lettings have been boosted by several larger transactions, with the most recent being the leasing of 118,400 sq ft at Valor Park, Barking by Amazon.      

Industrial market take-up
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Key Contact

Peter Higgins

Peter Higgins

Divisional Partner
020 3141 3534
[email protected]