Northampton’s central location, excellent motorway access, and vibrant industrial scene make it a prime choice for businesses looking to rent industrial space. Whether you need a small storage unit, a large warehouse, or a manufacturing facility, Northampton’s industrial property market offers diverse options for all types of businesses. In this guide, we’ll explore key areas, average rental costs, and how Fraser Bond can assist you in finding the ideal industrial property in Northampton.
Northampton’s strategic location in the East Midlands, combined with its affordability, makes it a highly sought-after area for businesses seeking industrial property. Here are some benefits of renting industrial units in Northampton:
Northampton has a range of industrial spaces suited for various business needs:
Warehouses: Ideal for businesses that need extensive storage and easy access to distribution networks, Northampton offers warehouses of various sizes, often located near the M1 for rapid transport.
Light Industrial Units: These units suit businesses involved in assembly, packaging, and other light manufacturing. Many come with office space, loading bays, and flexible layouts.
Distribution Centers: Perfect for logistics and e-commerce companies, distribution centers in Northampton have convenient motorway access and are built for efficient handling of high-volume goods.
Manufacturing Facilities: Equipped for both light and heavy manufacturing, these spaces often feature reinforced floors, high ceilings, and the necessary power infrastructure to support manufacturing needs.
Hybrid Units: These versatile units are designed for multi-purpose use, combining warehousing, manufacturing, and office space to meet diverse operational requirements.
Some of the top areas for industrial rentals in Northampton include:
Brackmills Industrial Estate: As one of Northampton’s largest industrial parks, Brackmills is highly popular for its strategic position close to the M1. It’s ideal for logistics, warehousing, and distribution companies and offers a mix of small, medium, and large units.
Moulton Park: Known for its light industrial and manufacturing spaces, Moulton Park Industrial Estate offers flexible units suitable for smaller businesses and startups.
Pineham Business Park: Situated near Junction 15A of the M1, Pineham is a modern industrial and distribution hub with state-of-the-art facilities, making it ideal for large-scale logistics and e-commerce businesses.
Grange Park: Located close to the M1, Grange Park offers a variety of industrial spaces with excellent accessibility and proximity to major supply routes, catering to both warehousing and manufacturing needs.
Swan Valley: This area is well-known for large distribution centers, with major companies in the area due to the convenient location near the M1. Swan Valley is particularly suitable for logistics and warehousing.
Rental prices for industrial units in Northampton can vary based on location, unit size, and facilities. Below is a general overview of current rental costs:
Small Industrial Units (up to 5,000 sq. ft.): These units typically rent for £5 to £10 per square foot annually, depending on the property’s location and condition.
Medium-sized Units (5,000 - 15,000 sq. ft.): Rental prices for these units generally range from £4 to £8 per square foot annually, often found in locations like Brackmills and Grange Park.
Large Warehouses and Distribution Centers (15,000+ sq. ft.): For larger facilities, rental rates start at around £3 per square foot and can reach up to £6 per square foot in premium locations with extensive facilities.
These rates are indicative averages, and specific costs will depend on property features, accessibility, and demand.
When selecting industrial space in Northampton, there are several factors to consider:
Location and Accessibility: Proximity to major motorways and transport hubs is critical, especially for logistics and distribution-focused businesses. Areas close to the M1, like Pineham and Brackmills, provide competitive advantages in accessibility.
Size and Layout of the Unit: Choose a unit that suits both your immediate and potential future needs. Factor in layout flexibility, ceiling height, and additional space requirements for offices or machinery.
Lease Terms and Flexibility: Industrial leases vary in terms and conditions. Look for leases with flexible terms if you need adaptability, or consult Fraser Bond for help with lease negotiations.
Facilities and Amenities: Depending on your operations, consider facilities such as loading docks, high power capacity, temperature control, or specialized flooring for heavy machinery.
Zoning and Compliance: Verify that the industrial unit is zoned appropriately for your business activities and meets local council regulations.
Cost of Operations: Assess the property’s energy efficiency and maintenance needs, as these will impact ongoing operational costs.
Finding and securing the right industrial unit in Northampton can be challenging, especially with fluctuating market conditions. Fraser Bond offers a comprehensive range of services to help you find and lease the perfect space:
Property Search and Matching: Our team leverages an extensive property database to identify industrial units that meet your specific needs, from warehousing and logistics to manufacturing.
Market Analysis and Insights: We provide up-to-date information on market trends, pricing, and availability, ensuring that you make informed decisions.
Lease Negotiation and Due Diligence: We assist with lease negotiations, aiming to secure the most favorable terms for your business. Our team also handles due diligence, ensuring that all legal and regulatory requirements are met.
Property Management Services: For businesses needing ongoing support, Fraser Bond provides property management services, handling tenant relations, maintenance, and compliance.
1. What is the average lease term for industrial units in Northampton?
Industrial lease terms can vary but typically range from 3 to 10 years, with the option to renew. Some landlords offer shorter leases for smaller units.
2. Are there flexible lease options for industrial properties?
Yes, many landlords are open to flexible lease arrangements, particularly for smaller units. Fraser Bond can assist in finding properties with flexible lease terms.
3. Can I make modifications to an industrial unit I’m renting?
Modifications are generally possible but often require the landlord’s consent. Review your lease terms and consult Fraser Bond to understand modification allowances.
4. What additional costs should I consider when renting an industrial unit?
Additional costs may include service charges, business rates, utilities, and maintenance fees. It’s essential to factor these costs into your budget.
Northampton’s industrial rental market provides numerous opportunities for businesses of all types, from small startups to large-scale distribution firms. With its central location, affordable rental rates, and excellent transport links, Northampton is a highly attractive area for industrial rentals. Fraser Bond is here to guide you through each step, from identifying the right property to negotiating favorable lease terms. Contact us today to start your search for industrial units to rent in Northampton.
