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UK Tops European Retail Warehouse Rents Table

LONDON-Retail warehouse space is more valuable in the UK than anywhere else in Europe, according to a new survey from Healey & Baker. Ireland and Italy came second and third in the league table.

By Graham Parker | Updated on September 24, 2001

LONDON-The UK has the highest rents for retail warehouse space in Europe, followed by Ireland and Italy, according to ‘European Retail Warehousing,’ a new report from Healey & Baker, the European arm of Cushman & Wakefield. The report found prime retail warehouse rents in the UK have reached €403 per sq m per annum ($34 per sf per annum),

At this level, UK rents are well ahead of the second-placed country, Ireland, where prime rents stand at €260 per sq m ($21.94 per sf) per annum. Italy has the third most expensive space, at €248 per sq m ($21 per sf); Germany is fourth on €184 per sq m ($15.50 per sf) and France fifth on €183 per sq m ($15.40 per sf.)

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