Not ajax /databook/industrial/rents
Our View

Prime industrial rents across most of the Glenny region have remained stable over the past 12 months, with the only exception being in Essex where prime rents moved up by 3.0% to £17.00 per sq ft. Take up last year showed a slight improvement on the previous two years (2022/23), registering a 10% upturn. On the counter side, the supply of floor space has continued to tick up, with a number of new schemes completing and second hand availability rising. The inner M25 markets continue to attract the highest rents, with Canning Town in East London still registering prime rents at £32.50 psf and Tottenham/Edmonton at £28.50 psf. Thurrock attracts the highest rent in the Outer M25 market, with rents moving to £17.00 per sq ft. Secondary rents have also stabilised across most regions.

Industrial Market Rents
Not ajax /databook/industrial/rents
Industrial Rents and Capital Values

Most locations in the Glenny Rent Survey saw values remain stable over the latter months of last year and the first quarter of 2025. The major exceptions to this have been in the Essex market and other Outer M25 locations, where prime rents have continued to increase, rising by 7.8% over the past 12 months. By comparison, prime rents in Inner M25 locations remained relatively stable, growing by just 0.3% over the year, continuing a trend which began back in late 2022. The strongest growth in the Outer M25 region was registered in Braintree, Harlow and Ashford, where prime rents continued to register double digit growth.

Canning Town continues to be the highest rented location in the Eastern M25 region, with values standing at £32.50 per sq ft at the end of Q1 2025, with other locations in London, Tottenham/Edmonton and Charlton/Woolwich now standing at £28.50 per sq ft and £25.00 per sq ft respectively.

Owner occupier capital values per sq ft have strengthened slightly over the past 12 months, rising by 3.6% on average, although this is primarily due to rising rental values in the Outer M25 market. Capital values in the Outer M25 market have strengthened by 6.8% over the past 12 months, with Inner M25 values up by 1.6% over the same period.

Not ajax /databook/industrial/rents

Our trusted team of experts are ready to help…

Explore our website to see our full range of services or call us on 020 3141 3500

Key Contact

John Bell

John Bell

Equity & Managing Partner, Head of Commercial Agency
020 3141 3500
[email protected]