Industrial & Warehouse Update
05/03/2015
The start of 2015 has been very busy with new enquiries for industrial and warehouse premises along the South Coast. The lack of new development means stock levels continue to diminish and the pipeline for new build is at least 6 to 9 months away.
The first of these schemes to come out the ground will be the final phase at Kites Croft. AVIVA in conjunction with Marrick will build two speculative units of 30,000 sq ft and 10,000 sq ft in Segensworth. These will be available to occupiers in November 2015.
With the lack of new build product good quality second hand units remain the only choice for the majority of occupiers. Hellier Langston have been instructed on four such buildings in the last couple of months.
Unit 3 Boyatt Wood Industrial Estate, Eastleigh: - 21,322 sq ft on behalf of AVIVA
14-16 Fareham Industrial Park, Standard Way, Fareham :- 61,986 sq ft on behalf of Standard Life Investments
Trident, Harts Farm Way, Havant: - Pre Let opportunity 68,351 sq ft on behalf of BEGG Nominees and Durngate Developments
Unit D Omega Enterprise Park, Chandlers Ford Industrial Estate, Eastleigh: - 18,205 sq ft on behalf of IPIF
The rent for good quality second hand stock is now at £7.50 - £7.75 sq ft a £1 sq ft higher than 12 months ago. We expect new record rents to be set on the South Coast when the speculative new builds come on stream at £8.50 sq ft through 2015 and 2016.
The rent for good quality second hand stock is now at £7.50 - £7.75 sq ft a £1 sq ft higher than 12 months ago. We expect new record rents to be set on the South Coast when the speculative new builds come on stream at £8.50 sq ft through 2015 and 2016.
Our Offices
Fareham Office
Hellier Langston
Ground Floor
E1 Fareham Heights
Standard Way
Fareham
Hampshire
PO16 8XT
Southampton Office
Hellier Langston
Enterprise House
Ocean Village
Southampton
SO14 3XB