Retail warehouses typically range from fifty thousand to hundreds of thousands of square feet. They are used for keeping and distributing inventory. Retail warehouses include loading docks, truck doors and large parking lots; also, they may contain a limited amount of office space. Prime retail warehouse properties belong to the wider category of industrial property, along with other real estate types, such as: distribution buildings, showroom facilities, manufacturing buildings, cold storage facilities, telecom or data hosting centers, "flex" buildings denoting more than one industrial or commercial facilities housed in the same building, and finally R&D buildings.
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.
Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018
(in euros per square meter per year)
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Knight Frank. (December 11, 2018). Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018 (in euros per square meter per year) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/
Knight Frank. "Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018 (in euros per square meter per year)." Chart. December 11, 2018. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/
Knight Frank. (2018). Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018 (in euros per square meter per year). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/
Knight Frank. "Rental Prices of Prime Retail Warehouses in Selected European Cities as of 3rd Quarter 2018 (in Euros per Square Meter per Year)." Statista, Statista Inc., 11 Dec 2018, https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/
Knight Frank, Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018 (in euros per square meter per year) Statista, https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/ (last visited August 25, 2024)
Rental prices of prime retail warehouses in selected European cities as of 3rd quarter 2018 (in euros per square meter per year) [Graph], Knight Frank, December 11, 2018. [Online]. Available: https://www.statista.com/statistics/431712/retail-warehouses-real-estate-prime-rents-europe/