If you are thinking about relocating, North Tyneside offers outstanding opportunities for business development and a top-quality lifestyle – the area boasts the UK’s largest and most successful office park, two Enterprise Zones and superb transport links.

Commercial Property

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North Tyneside has over 50 business parks, offering some of the largest, most modern commercial property space (industrial and office-based) in the UK. Cobalt, Quorum, Gosforth and Balliol business parks are four of the largest, attracting big names such as BT, IBM, Tesco Bank, Hewlett Packard, Sitel, Siemens, Balfour Beatty and Procter & Gamble.

 

The borough also provides significant cost savings in terms of commercial property costs.  With office rents predicted to rise by 11% by 2019 you can secure high quality office and industrial space for a fraction of the cost, up to 83% savings,  of other major cities such as Leeds, Manchester, London and the South East.

 

Prime Office Rents

 Location Per Sq Ft / Per Annum
North Tyneside (Quorum) £16.00
North Tyneside (Cobalt) £16.50
Aberdeen £32.00
Cardiff £25.00
Newcastle £21.50
Leeds £26.50
Birmingham £31.50
Bristol £28.50                                                                              
Glasgow £29.50
Edinburgh £33.00
Manchester £34.00
Sheffield                                                        £23.00
London (City) £65.00
London (West End)               £115.00
Source: Cushman and Wakefield Q2 2016 – Commercial Property Snapshot, Cobalt and Quorum business parks, Knight Frank – Regional Office Market Portal Q2 2016

 

 

Prime Industrial Rents

 Location Per Sq Ft / Per Annum
North Tyneside                             £4.50                                                                       
Leeds £5.50
Cardiff                                                            £5.75
Manchester £6.00
 Birmingham £6.50
 Glasgow £6.50
 London (Romford) £7.00
 Edinburgh £7.50
 Bristol £8.00
 London (Croydon) £11.00
 London (Heathrow) £14.00
Source: Cushman and Wakefield Q2 2016 – Industrial market Snapshot

 

 

Further Information

Download our comprehensive guide to North Tyneside Demographics.