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Commercial rents set to rise in the regions in 2015

The UK’s regions are due to experience significant rental growth, according to new research.

UK Regional Commercial Centres

The UK’s regions are due to experience significant rental growth, according to new research.

Highlighting the slow pace of rental growth in the regions, Knight Frank’s latest report asserts that areas outside of London will begin to see increases in rent over the coming 12 months as occupier demand grows, the availability of Grade A stock falls and a lack of development drives the rental market forwards.


As new developments in key cities such as Manchester, Aberdeen, Newcastle and Birmingham reach completion, market conditions will allow for a higher rental levels with all of the UK’s major cities, except for Sheffield, expected to see positive growth.


Prime locations Manchester and Aberdeen are set to generate £34.00 per sq ft – a new record level for both cities and an increase of 10% and 6% respectively over the course of the year. Birmingham is likely to reach the level of £32.00 per sq ft – a seven year high for the city. Whilst Sheffield is expected to remain unchanged for 2015, the report suggests that an increase to £22.00 per sq ft is likely by the close of 2016.