The Teesside industrial property market

Teesside sits within the North East industrial market. Teesside is an urban area straddling the border of County Durham and North Yorkshire, once dominated by heavy manufacturing before deindustrialisation in the later twentieth century. We arrange acquisition finance, commercial mortgages, bridging, development finance, mezzanine and term debt on light industrial property across the county, tracking 5 industrial catchments, led by Middlesbrough, Redcar, Billingham, Hartlepool and Stockton-on-Tees.

The market figures below are reported nationally or at regional level by the industry's research sources, attributed to each source, and used as context rather than a Teesside-specific measurement. The planning data and housing-transaction context is genuinely local and sourced from council planning registers and HM Land Registry.

Industrial locations and landlords across Teesside

Industrial demand concentrates along the A19, A66, A689, A1085 and A1046 corridors, where road access drives occupier demand for units and yards. Established industrial locations such as Teesworks are the natural home for workshops, trade counters and multi-let units, and the first places a valuer looks for rental comparables. Multi-let landlords with estates across the county include Mileway, Flexspace and Indurent.

Rents, vacancy and yields

The UK multi-let industrial market runs to 500m+ sq ft of space (Gerald Eve (Newmark), Multi-Let, Winter bulletin 2024). Regional multi-let rents average around £6.98/sq ft (North East multi-let average, Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), with the region's top prime rents at £10.50/sq ft (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), and prime multi-let equivalent yields sit around 6% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024). Nationally, MSCI put industrial vacancy at 9.4% (MSCI UK Quarterly Property Index, Q4 2025 results, Dec 2025), and forecast multi-let rental growth runs at 4.6% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, 2024 to 2028 forecast).

Light industrial finance in Teesside

We arrange the full lifecycle of light industrial finance across Teesside: commercial mortgages for owner-occupiers and investors, acquisition finance for units and estates, bridging for auctions and vacant property, development and mezzanine finance for builds and refurbishments, and term debt for the long-term hold. Send us the deal and we will come back within one working day.

Industrial market figures are published nationally or at North East level (Gerald Eve Multi-Let; MSCI; Savills) and are presented as context for Teesside rather than a county-specific measurement. Housing-transaction figures are HM Land Registry price paid data for the towns we track.