Light industrial finance in the Greater London

Created in 1965 and made up of 32 boroughs plus the City of London, Greater London is England's most populous ceremonial county with around 9.1 million residents. We arrange the full range of light industrial finance across the Greater London, from the commercial mortgages that buy and hold a unit or an estate to the bridging, development, mezzanine and equity behind a refurbishment, a trade park scheme or a yard. Industrial market data is published nationally and regionally by Gerald Eve (Newmark), MSCI and Savills, so the figures above are presented as clearly-labelled benchmarks, with the regional figures attributed to their sources, while the planning and housing-transaction data is genuinely local for the towns we track.

London carries the strongest multi-let rents in the UK: Inner London prime stands at £40.00 per sq ft and Park Royal, the largest industrial cluster in the country, at £35.00, against a Greater London all-grades average of £19.23 on the Gerald Eve Q3 2024 bulletin. Inner London prime rent grew 78 percent cumulatively over Q3 2020 to Q3 2024, and although growth has since cooled, the development pipeline of 1.3m sq ft with only 331,000 sq ft under construction is negligible against the size of the market. Equivalent yields of 4.75 to 4.90 percent are the keenest in the UK, which is why institutional and private equity capital prices London estates ahead of everything else. We fund London multi-let at the strongest leverage in the sector, and the recurring work is refurbishment and EPC-upgrade finance on older estates where the reversion justifies the spend.

Nationally, forecast multi-let rental growth runs at 4.6% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, 2024 to 2028 forecast), against an expected peak void rate of 9.8% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, 2024 expected peak) and MSCI industrial vacancy of 9.4% (MSCI UK Quarterly Property Index, Q4 2025 results, Dec 2025). That tight supply picture for small units is the backdrop to every regional appraisal we run.

Development activity is visible across the region: we track 4 recent industrial planning applications in the Greater London through council planning registers, part of a national feed covering more than 100 local authorities.

Benchmark figures from Gerald Eve (Newmark), Multi-Let Winter bulletin 2024; MSCI UK Quarterly Property Index, Q4 2025 results. Regional commentary draws on Gerald Eve (a Newmark company) (Multi-Let, Winter bulletin, 2024).