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At Commercial List we have seen a spike in demand for industrial units with occupier take-up rising by 20% and average rents rising by 5% in the UK over the past 12 months.
What are industrial units and why are they so popular?
The UK industrial market mainly consists of warehouses and factories. These buildings are typically steel portal frame construction or traditional brick / blockwork construction with steel cladding.
Industrial units are suitable for a variety of different businesses with the most common uses being storage, manufacturing, and online retail, which has been driven by the growth of e-commerce and reshoring.
Many businesses that use to rely on high street properties are now choosing industrial instead. This is due to lower operating costs as industrial units usually offer cheaper rents and lower business rates compared to retail accommodation. The operational efficiency also plays a key role, having production, storage, and distribution under one roof reduces transport costs and speeds up operations. Industrial units also offer greater flexibility as they can be altered for specialist machinery, racking systems, or bespoke layouts to suit a business’s needs. Another major advantage is that many industrial estates are located close to major road and transport links making access and logistics easier.
Commercial List’s involvement within the industrial market
Commercial List has built a proven reputation for managing the sale and letting of industrial units throughout the UK. Our experience spans major towns and cities including Nottingham, Grantham, Birmingham, London, Peterborough, Liverpool and Wigan.
Commercial List can market your industrial unit from just £150 plus VAT, our updated range of online marketing packages are designed to offer flexibility in order to meet our clients' requirements. Whether you’re looking to sell or rent an industrial unit, we have the perfect package for you.
Visit our website to discover how we can help you find a suitable tenant or purchaser for your commercial property quickly and cost-effectively.