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Southampton

Lack of industrial space pushing up rents along M27/M3 corridor, says JLL, as property consultancy predicts wave of new development

JLL and Hellier Langston appointed to market rare opportunity to rent industrial unit at Boyatt Wood Industrial Estate


Southampton, March 31, 2015 – A lack of industrial space along the M27/M3 corridor is set to spark a wave of new development in the area as rents are pushed upward, according to leading property consultancy JLL, which has just brought to market a rare opportunity to occupy a warehouse unit near Eastleigh.

JLL and Hellier Langston have been jointly appointed by Aviva Investors to market a refurbished industrial unit of 21,322 sq ft (1,980.81 sq m) in size, available to let at Boyatt Wood Industrial Estate in Eastleigh, Hampshire.  

Nella Pang, associate director at JLL in Southampton, said: "This is a rare opportunity to secure industrial space in a market where supply is short. Good quality units such as this one are in high demand."

The available space at Boyatt Wood Industrial Estate, known as unit 3, comprises warehouse and office accommodation and benefits from a large adjacent communal car park.

The industrial estate is owned by Aviva Investors, which also owns neighbouring Stanstead Trade Park.

Nella Pang added: "Boyatt Wood Industrial Estate is sited at a popular location, close to Junction 12/13 of the M3. We completed the letting of unit 7, of 10,576 sq ft in May 2014 to supply chain management group Charles Kendall and believe there will be a high demand for unit 3.

"There are only five units in the near vicinity that would be able to accommodate this sort of size requirement. The unit is available at a quoting rent of £7.75 per sq ft."