Our View
Prime industrial rents in East London have remained stable in East London over the past two/three years, with the challenging occupier market impacting on growth prospects. Canning Town continues to be the highest rented location across the Eastern M25, with prime rents at £32.50 per sq ft and there are signs that demand for space is improving albeit against the current supply picture. The price for owner occupier freehold’s has been impacted by rising costs of finance and a weaker demand profile but there are signs that values have begun to plateau.
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Key Contact
Peter Higgins
Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534[email protected]