What is the average size of an industrial unit?
The average size of an industrial property in the UK is 13,390sqft
On purchases the average size is roughly 16,000sqft but the average take up for lettings is 13,390sqft.
In the West Midlands, whilst the average is slightly lower due to such demand for smaller industrial units, the median size was below 10,000sqft
Shepherd Commercial are the most active agent in the West Midlands area for properties sub 10,000sqft. We lead the way in sales and lettings of industrial property, primarily from Solihull.
The average time to sell an industrial unit in the UK was 11 months.
Compare this to Shepherd Commercial’s industrial performance and our average time to sell an industrial unit is 2 months (almost 6x faster than the national average).
Acquiring Industrial Property
On a separate note to the figures and date in front of us, we actively provide acquisition services to the industrial sector.
Finding industrial property for sale and securing leases at competitive rates is an already difficult task – with demand soaring in recent years. We have access to a host of off-market landlords and vendors.
To conclude, all figures in this blog are sourced from EG Radius