According to the latest research from Colliers International, rents for prime big sheds – industrial floorspace of more than 200,000 square feet – in the South West shows that in Bristol rents dropped by only 25p per square foot since June 2007 due to a dearth in supply.
Prime rents in Bristol have remained constant at £5.50 per square foot since June 2009 whereas in the South West as a whole rents are in the region of £4.60 per sq ft versus a high of £5.30 per sq ft in June 2007.
Colliers research revealed secondary rents for big sheds at £4 per square foot in Bristol, with land values averaging £275,000 for ten acres.
