Retail warehousing: prime rents in selected European cities Q3 2018
West/East price differences
In the third quarter of 2018, figures show that approximately 364 euros were paid per square meter per year for prime warehousing properties on the Edinburgh commercial real estate market. This was a decrease, compared to the earlier data (according to the same source), which calculated the rentals to be 419 euros per square meter per year in the 1st quarter of 2016. In other leading Western European cities in 2018, the cost for warehouse square meter per year was significantly lower: in Paris it amounted to 180 euros, and in Bucharest, to approximately 120 euros.large warehousing rents and yields
The average price of large prime warehouses that are not specific to retail can be far less expensive per square meter per year, especially in the east of Europe. In terms of yields, Eastern Europe saw prime yields higher than their counterparts in the west with Moscow (11 percent), Athens (9.5 percent) and Belgrade (9.25 percent) all approaching the ten percent mark. German cities in general saw relatively low prime yields with Munich, Hamburg, Berlin, and Frankfurt all amounting to 4.05 percent.For far more in-depth information on industrial and logistic warehousing in the United Kingdom please see our report.