There are many acres of capacity - giving businesses of all types more space to grow in the City of Preston.
For choice of quality and affordable sites with immediate motorway access, Preston is hard to match. The vibrant city centre, including the revitalised riverside and marina, also offers a wealth of exciting possibilities.
- Retail and office rentals are lower than Manchester and Liverpool and the yields are good.
- A free sites and property register from Preston City Council details the availability of all industrial units, offices, shops and development sites. Contact 01772 903430 to request a tailored listing or click here for an on-line search for Preston property Sites & Premises Search
- Quality industrial and commercial land is available adjacent to the national motorway network or on prime city centre sites.
- Development opportunities are also available at the prestigious Preston Riversway docklands development, which sustains a lively mix of leisure, retail, residential and business uses.
- House prices have risen sharply in recent years.
- Retail performance is strong, with Preston ranked in the top 50 of 2,200 centres nationally and in the North West’s top five. Source: Retail Footprint.
- Recent multi-million pound retail investment and the major £750 million Tithebarn proposal will reinforce Preston’s position as the premier retail centre in Lancashire.
- Nearly one third of retail customers are drawn from outside Preston, but there is no significant leakage of Preston customers to other Lancashire centres. Source: Nathaniel Lichfield and Partners
- Preston City Council and its partners are examining the potential of developing incubation space for young businesses and a cultural quarter in the South Church Street area of the city centre.
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PRIME OFFICE RENTS - 2009
|
Location |
Rents (£/sq.ft/year) |
|
Preston |
14.50 |
|
Chester |
18.00 |
|
Manchester |
28.50 |
|
Liverpool |
18.00 |
Source: Commercial Property Guide, NW Business Insider
PRIME INDUSTRIAL RENTS - 2009
|
Location |
Rents (£/sq.ft/year) |
|
Preston |
4.95 |
|
Chester |
5.25 |
|
Manchester |
5.50 |
|
Liverpool |
5.00 |
Source: Commercial Property Guide, NW Business Insider
PRIME RETAIL RENTS - 2009
|
Location |
Rents (£/sq.ft/year) |
|
Preston |
160 |
|
Chester |
170 |
|
Manchester |
315 |
|
Liverpool |
360 |
Source: Commercial Property Guide, NW Business Insider
|
