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London Heathrow has the World's Most Expensive Distribution Space

LONDON-Although occupational costs have fallen by 16% over the past six months, the most expensive distribution space in the world can still be found at London's Heathrow airport according to new research from King Sturge.

By Graham Parker | Updated on January 30, 2002

LONDON-The cost of occupying distribution space close to London Heathrow airport fell by 16% during the second half of 2001, from $27.04 (£19.00) per sf to $22.79 (£16.00) per sf. But this still means that Heathrow distribution space is the most expensive in the world.

The agent surveyed the total cost–including rent, service charge and local property taxes–of leasing a shed in a prime location in 56 cities around the world. The second most expensive industrial or distribution space is in Silicon Valley in Anaheim, California, at $16.80 (£11.77) per sf. And Dublin, Ireland now has the third most expensive space after costs soared 74% in the past 6 months from $9.52 (£7.00) to $16.59 (£11.47) per sf.

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