Light industrial finance in the West Midlands

The West Midlands is crossed by the River Severn, the longest river in the UK, and is home to the Ironbridge Gorge World Heritage Site. We arrange the full range of light industrial finance across the West Midlands, 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.

Birmingham and Coventry prime multi-let rents stand at £15.00 per sq ft with the Black Country at £12.75, on a regional all-grades average of £7.75 (Gerald Eve, Q3 2024). General manufacturing occupies 24.5 percent of West Midlands multi-let space, the largest share of any region, which gives estates here a sticky, kit-heavy tenant base that renews rather than relocates. New supply is close to non-existent: just 8 percent of the regional pipeline was under construction at end-2024, totalling 93,000 sq ft. Sirius Real Estate's £101m purchase of the Hartlebury Trading Estate in Worcestershire in FY2026 showed institutional money paying up for exactly this profile of asset. We fund workshop and trade-counter estates across the conurbation and find lenders comfortable with the region's manufacturing covenants.

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 15 recent industrial planning applications in the West Midlands 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); Sirius Real Estate (FY2026 annual results, May 2026).