Property. “Quick commerce” is driving up prices in London.

Featured image of the article Property. “Quick commerce” is driving up prices in London.
Publication

20 January 2022 à 15h58

Updated on 21 January 2022 à 15h59

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1 minute

Publication: 20 January 2022 à 15h58, Updated on 21 January 2022 à 15h59

Reading time: 1 minute

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Publication

20 January 2022 à 15h58

Updated on 21 January 2022 à 15h59

Reading time

1 minute

Publication: 20 January 2022 à 15h58, Updated on 21 January 2022 à 15h59

Reading time: 1 minute

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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

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