Prime industrial rents in East London have largely remained stable over the past 12 months, with the only exception being Rainham, where values moved ahead to £21.00 per sq ft (growth of 13.5%), following further evidence at that level. All other locations have remained stable at their end 2021 levels. Over the longer term, rents in East London have seen the strongest growth, rising by 80.4% over the past three years (annualised growth of 15.9% per annum). Capital values on owner occupier units have continued to come under pressure over the past six months bringing the overall falls for the year to 12.0% on average. The most significant falls have been seen in Canning Town and Beckton, where values are down by 16.0% and 15.8% respectively.
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