This research outlines the rise of one of the fastest expanding markets in the industrial sector landscape, open storage. The following insights are provided by our research and national property experts who specialise in industrial agency.
Is open storage the new asset class in the industrial sector?
Click here to read our latest Open Storage Update
for Spring 2024
Open storage, sometimes referred to as land to let or storage yards, is an often overlooked yet vitally important segment of the industrial market.
The sector often conjures up images of low quality sites comprising mainly hardcore and broken asphalt surfaces, rented on short-term leases to occupiers with poor covenants. This does indeed describe many traditional open storage sites, due in part to their transient nature, being used for this purpose whilst awaiting redevelopment.
However, demand has been evolving rapidly, and this no longer reflects what the market requires. In this report, we challenge the sector’s image and present the case for open storage as a highly investable sub-sector of the industrial market, which is in considerable demand from high quality occupiers, and is witnessing strong rental growth in many markets.
Indeed, we believe that open storage provides a vital urban land use which is key to servicing some important and growing sectors of the economy, and increasingly requires high specification sites at a level of demand that the market is not currently able to satisfy.
Research contents
Select a section of our research report below to explore our thoughts:
Section one
Occupier demand
Classifying open storage sites
Section two
Supply
Section three
Pricing and tenure
Section four
Drivers, opportunities and growth potential
Section Five
Carter Jonas’
experience
with open
storage
Our industrial property agents work extensively in the open storage sector across the south east and nationally. We have identified that there is demand for high end open storage and have successfully helped clients to develop sites in Dartford, Thurrock and across the country. These have attracted tenants such as Amazon, Le Pallette Rouge, TRAD Group and others. By providing a better-quality surface and secure environment in strategic locations we have demonstrated that we are able to secure a tenant with a better covenant and at a higher rental than has been previously seen.
For further information, please contact:
Email me
Andrew Smith
Partner, Head of Industrial Agency
+44 (0)7919 326085
Email me
Daniel Francis
Head of research
+44 (0)7920 540588
FRICS SIOR
Occupier demand
Section one
Classifying open storage sites
Section two
Supply
Section three
Pricing and tenure
Section four
Drivers, opportunities and growth potential
Section Five
Section one
Occupier demand
Classifying open storage sites
Section two
Supply
Section three
Pricing and tenure
Section four
Drivers, opportunities and growth potential
Section Five
Explore the other sections of our open storage research report
Research
contents
Our industrial property agents work extensively in the open storage sector across the south east and nationally. We have identified that there is demand for high end open storage and have successfully helped clients to develop sites in Dartford, Thurrock and across the country. These have attracted tenants such as Amazon, Le Pallette Rouge, TRAD Group and others. By providing a better-quality surface and secure environment in strategic locations we have demonstrated that we are able to secure a tenant with a better covenant and at a higher rental than has been previously seen.
