Hertfordshire, with its prime position just north of London and well-developed transport links, is a strategic location for businesses seeking industrial space for rent. Whether you need warehouse storage, distribution centers, or light manufacturing units, Hertfordshire’s industrial property market has options to support various business needs. Here’s a comprehensive guide to renting industrial units in Hertfordshire, including popular locations, pricing, and how Fraser Bond can assist.
Hertfordshire offers a range of benefits for companies looking to rent industrial space:
Hertfordshire’s industrial units cater to different business requirements, ranging from warehousing to light manufacturing. Here are some common types of industrial spaces available for rent:
Warehousing Units: For businesses that require storage for inventory or goods, Hertfordshire offers a variety of warehouse spaces. Many of these are in areas with quick access to motorways, making them ideal for distribution.
Light Industrial Units: These spaces are suited for businesses needing space for assembly, repair, or light manufacturing processes. Light industrial units often have flexibility in layout and additional office spaces.
Distribution Centers: Designed to handle the fast turnover of goods, distribution centers are larger, highly accessible units suited for companies that need significant storage space with efficient access to transportation routes.
R&D Facilities: Ideal for companies focused on innovation and product development, these spaces often feature both laboratory and office components.
The most in-demand areas for industrial rentals in Hertfordshire include:
Hemel Hempstead: Known for its excellent connectivity, Hemel Hempstead is situated near the M1 and M25, making it ideal for warehousing and distribution businesses. The area offers a range of industrial properties, from small units to large warehouses.
Stevenage: A well-established industrial hub, Stevenage provides options for both small and large businesses. It is particularly suitable for manufacturing and R&D, given the town’s history in aerospace and technology.
Watford: Located close to London, Watford is perfect for companies looking to rent industrial units with easy access to the capital. Watford’s industrial properties are known for their quality, often providing modern features suited for logistics.
Welwyn Garden City: Offering affordable rental options and good transport links, Welwyn Garden City attracts companies needing small-to-medium-sized industrial spaces.
St Albans: Known for a range of light industrial units and warehouses, St Albans provides excellent options for smaller businesses seeking space within easy reach of London.
Rental prices for industrial units in Hertfordshire depend on location, size, and facilities. Below is a general overview:
Small Light Industrial Units (up to 5,000 sq. ft.): Rent can range from £8 to £15 per square foot, depending on the unit’s location and amenities.
Medium-sized Warehouses (5,000 - 15,000 sq. ft.): These can rent from £6 to £12 per square foot.
Large Warehousing or Distribution Centers (15,000+ sq. ft.): Prices for larger units vary more widely but typically range from £5 to £10 per square foot.
Hertfordshire offers competitive rental rates compared to London, making it an attractive option for businesses looking to keep overheads low while staying close to the capital.
Location and Accessibility: Evaluate the proximity of the unit to motorways, airports, or key transport routes relevant to your business needs.
Unit Size and Layout: Choose a unit that accommodates both current requirements and anticipated growth, considering square footage, height, and configuration.
Lease Terms: Industrial leases may include specific terms around repairs, maintenance, and permissible alterations, so it's essential to review these closely.
Facilities and Specifications: Depending on your business type, consider additional features like loading docks, security systems, climate control, or reinforced floors for heavy machinery.
Zoning and Planning Permissions: Confirm that the industrial unit is appropriately zoned for your business activities. Some businesses, such as manufacturing or logistics, may require specific permits.
Access to Workforce: Areas near residential zones may have advantages for hiring, especially if a large or specialized workforce is needed.
At Fraser Bond, we understand that finding the right industrial space requires industry knowledge, market insight, and negotiation skills. Here’s how we can help you secure the ideal property:
Property Sourcing: With our extensive network of listings, we’ll find industrial units that meet your operational and financial requirements.
Market Expertise: Our team provides up-to-date insights on local market conditions, ensuring you make informed decisions about where to rent.
Lease Negotiation Support: We help clients negotiate favorable lease terms, saving them on rental costs and securing favorable conditions for growth.
Property Management Services: For clients needing ongoing support, Fraser Bond offers property management services, handling everything from maintenance to compliance.
1. What is the typical lease length for industrial units in Hertfordshire?
Lease terms for industrial units often range from 3 to 10 years, with options to extend. Shorter leases may be available, especially for smaller units.
2. Are there flexible lease options for industrial spaces in Hertfordshire?
Yes, some landlords offer flexible lease terms, particularly for smaller units or new businesses. Fraser Bond can assist in finding properties with flexible options.
3. Can I modify the industrial unit I rent?
Modifications may be allowed, depending on the lease agreement and landlord consent. It’s best to clarify this during the negotiation stage.
4. What utilities are typically included in industrial rentals?
Standard utilities such as electricity, water, and waste removal are often included but can vary based on lease terms and property type.
Renting an industrial unit in Hertfordshire offers businesses an excellent opportunity to operate near London with more competitive rental costs. With a variety of options, from warehousing and distribution centers to light manufacturing facilities, the region is suited to meet diverse industrial needs. Fraser Bond is here to guide you through each step, from identifying suitable properties to securing advantageous lease terms, so you can focus on running and growing your business. Contact us today to start your search for industrial units in Hertfordshire.
