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A booming online food delivery sector has caused commercial property rental values to soar in London.
As Getir, Gorillas and Zapp multiply networks of « dark stores », prices per sq.m for these urban mini-warehouses dedicated to the preparation of web orders have risen sharply. According to Knight Frank, the average annual rent for a 1,900 sq.m location in West London reached £377 per sq.m in Q3 2021, up 75% annually. The increase was also sustained in East London, with rents reaching £270 per sq.m, a 47% year-on-year increase.
Readers may remember that in France, Gorillas is selecting warehouses of an average 500 sq.m.
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