7
Industrial catchments
Market report
The West Yorkshire industrial property market
An industrial market report for West Yorkshire, with the finance we arrange across 7 industrial catchments in the county.
£8.12/sq ft
Avg multi-let rent (Yorkshire & Humber)
9.4%
Industrial vacancy (UK, MSCI)
17,148
House sales, 12m (tracked towns)
Written and reviewed by Matt Lenzie Founder & Principal Broker · 25 years arranging commercial property finance
West Yorkshire sits within the Yorkshire and the Humber industrial market. West Yorkshire is the most populous of the Yorkshire counties, with around 2.4 million residents across the five metropolitan boroughs of Bradford, Calderdale, Kirklees, Leeds and Wakefield. We arrange acquisition finance, commercial mortgages, bridging, development finance, mezzanine and term debt on light industrial property across the county, tracking 7 industrial catchments, led by Castleford, Leeds, Normanton, Wakefield and Bradford.
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 West Yorkshire-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 West Yorkshire
Industrial demand concentrates along the A1(M), A647, M62 J31, A656 and M62 J24 corridors, where road access drives occupier demand for units and yards. Multi-let landlords with estates across the county include BizSpace, Towngate PLC, Mileway, Indurent and Flexspace.
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 £8.12/sq ft (Yorkshire & Humber multi-let average, Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), with the region's top prime rents at £12/sq ft (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), and prime multi-let equivalent yields sit around 5.4% (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).
Industrial demand signals in West Yorkshire
Development activity is visible locally: 8 recent industrial planning applications in the county's council registers, tracked through our planning data feed across more than 100 UK council portals. As a local-economy signal, the 5 West Yorkshire towns we track recorded 17,148 residential transactions in the last twelve months on HM Land Registry price paid data; housing-market context rather than industrial volume, but a read on the depth of the economy that fills small units.
Light industrial finance in West Yorkshire
We arrange the full lifecycle of light industrial finance across West Yorkshire: 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 Yorkshire and the Humber level (Gerald Eve Multi-Let; MSCI; Savills) and are presented as context for West Yorkshire rather than a county-specific measurement. Housing-transaction figures are HM Land Registry price paid data for the towns we track; planning references are from council planning registers.
By town
Light industrial finance by town in West Yorkshire
Each town carries its own catchment profile, demand signals and market context.
Finance
The finance we arrange in West Yorkshire
Eight products across the whole light industrial lifecycle.
Industrial unit commercial mortgages
We arrange commercial mortgages secured on industrial units, workshops and multi-let estates for investors and businesses across the UK.
Owner-occupier industrial mortgages
We arrange commercial mortgages for businesses buying the industrial unit, workshop or trade premises they operate from.
Industrial property acquisition finance
We arrange funding for the purchase of industrial investments across the UK, from single let units to multi-let estates and open storage yards.
Industrial bridging loans
We arrange fast, short-term bridging loans secured on industrial units, workshops, estates and yards across the UK.
Industrial development and refurbishment finance
We arrange funding for ground-up industrial unit schemes, trade parks and the refurbishment or extension of existing units across the UK.
Industrial refinance and equity release
We arrange refinancing for industrial units and estates: better terms at maturity, capital raised against rental income, and clean exits from bridging or development debt.
Multi-let and industrial portfolio finance
We arrange facility-level funding secured across multiple industrial estates and units, replacing a patchwork of loans with one structure sized on the whole income.
Mezzanine, equity and JV funding
We arrange junior debt, preferred equity and joint venture capital that stretch the funding on industrial developments and acquisitions beyond what senior debt alone will reach.
Property types
Industrial property types we fund across West Yorkshire
Every format is underwritten differently. We know which lenders back each one.
Funding an industrial unit in West Yorkshire?
Send us the outline and we will come back with a view on fundability and likely terms.