Big demand for Worthing industrial space

admin Fresh News, Market and general news, Research

A new commercial property report to be published shortly highlights significant take-up of warehouse and industrial space in Worthing on the South Coast.

The May 2015 update commissioned by South East property consultants Brierley & Coe, near Brighton, reveals that a continued improvement in economic conditions is reflected in a net reduction of available space.

While demand for space remains strong, the modest volume of accommodation leased or sold in recent months reflects the scarcity of available industrial and warehouse property.

Warehouse space in Worthing

In December 2013, 4.5 per cent of Worthing’s industrial and warehouse stock was vacant. In May 2015 that figure has fallen to 2.3 per cent of the total space.

Of the industrial and warehouse space still available, more than 50 per cent is currently ‘under offer’ and it’s likely that available space in Worthing will drop to around an historically low figure of just 1.1% of total stock by the Summer.

During the last 8 months, the units leased or sold in Worthing were in the 1,500 to 5,000 sq.ft size range. Almost 70 per cent of the remaining industrial and warehouse space available is accommodation of 2,000 to 5,000 sq.ft with only 11 per cent under 2,000 sq. ft.

Where to find the best industrial space?

Despite the need for more investment in new units, Worthing continues to be an attractive location for businesses to consider — as reflected in the continued demand for space. And there are also signs of significant corporate investment in the town with Rayner  nearing completion of its £20 m facility and SKB  well advanced on phase one of its £100 m long-term investment.

New South East property report

The full report, which will be available from Brierley & Coe, provides a valuable insight into the state of the commercial property market in the South East.

It concludes that the supply of modern and industrial warehousing continues to be squeezed in Worthing — underlining the urgent need for new development now in this economic cycle.

Written By


This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data.

You May Also Like..

Full Pre-Let Success- 8 New Industrial Units

Brierley & Coe report that the 8 new units constructed at the popular Vinery Estate nr Arundel have been fully pre-let prior to practical completion of the buildings.
The 8 high bay warehouse & industrial units are scheduled to be ready for occupation in late March 2020 and are currently being fitted out ready for the new tenants.
Brierley & Coe Director Paul… read the rest of “Full Pre-Let Success- 8 New Industrial Units”

320,000 sq ft Warehouse Campus Bognor- Lease Agreed

 New Era EstateActing on behalf of global publishing company John Wiley Inc, Brierley & Coe have concluded the renewal of their leases at the New Era Estate, Bognor Regis. Comprising 320,000 sq ft of warehouse & office space, the beneficial deal secures Wiley’s occupation of their main UK distribution centre for a further 15 years.… read the rest of “320,000 sq ft Warehouse Campus Bognor- Lease Agreed”

Warehouse Letting – Worthing

Unit 3 Meadow RoadActing on behalf of Worthing Borough Council, Brierley & Coe have let Unit 3 Meadow Road, Worthing to the Perfect Group on a new lease.
Comprising 7,400 sq ft, the unit is located on the popular East Worthing Estate… read the rest of “Warehouse Letting - Worthing”

Leave a Reply

Your email address will not be published. Required fields are marked *