Whilst the office market continues to be challenging, the industrial market by contrast is firing on all cylinders with shortages of stock being the overriding feature. Demand continues unabated and in a number of locations occupiers are competing to secure the best space with resultant upward pressure on rents and incentive packages being squeezed. Freehold opportunities are in even shorter supply and where available have higher per sqft quoting prices than some similarly located office schemes.
Faced by such shortages, occupiers are being less location specific, often willing to consider large swathes of the South East even for relatively modest sized requirements. Adequate power supplies are becoming one of the key locational criteria along with the availability of skilled and semi-skilled staff. From a specification perspective, occupiers are demanding ever increasing eaves heights, self-contained secure yards and attractive airconditioned offices.
Click Here to View the Map of Prime Quoting Rents Across the Thames Valley.
For further details of Industrial availability please contact Jonathan Mannings or Lewis Pearson at RARE.