Page 6 - Cax APMR 2018/19

Ashford’s location on the M20 places the town in a strategic position in Kent. The impact of this location has been magnified by the pace of economic expansion across the district over recent years. As
a result, Ashford has seen a number of significant industrial sector lettings as well as buoyant activity at the smaller end of the market.
Orbital Park, one of the key industrial locations in Kent and located close to Junction 10 of the M20, has seen a number of key lettings over the last year. Forza Industries, one of the UK’s leading suppliers of supplements to major supermarkets and pharmacies, took 2,325m2 (25,028ft2) in May, following Hire Station taking 672m2 (7,234ft2) at £108 per m2 (£10
TOWN
THANET FOLKESTONE DOVER CANTERBURY SITTINGBOURNE GRAVESEND TONBRIDGE MAIDSTONE TUNBRIDGE WELLS MEDWAY ASHFORD SEVENOAKS DARTFORD
KENT PRIME AVERAGE
RENT (PER M2) Q3 2018
£59 £65 £65 £70 £75 £75 £86 £86 £92 £97 £97 £97 £113 £83
5 YEAR GROWTH
22% 20% 20% 18% 17% 17% 17% 0% 25% 50% 38% 39% 31% 24%
Carlton Road Business Park
Source: Caxtons
6 2018/19 ASHFORD PROPERTY MARKET REPORT
per ft2) last October. Meggitt Safety and Specialised Roofline Supplies have also taken space in the park’s completed Phase 1.
Meanwhile, Kingsnorth Industrial Estate saw the arrival of Millbrook Healthcare in 2017. The supplier of mobility and disability aids made a long term commitment to the borough, purchasing Inca House for over £1m. At Chunnel Industrial Estate, Morse Systems Engineering took 278m2 (2,990ft2) for a term of five years.
The depth of demand, particularly from these higher- value businesses in the healthcare and engineering sectors, is placing pressure on available space and therefore rents.
£100 £95 £90 £85 £80 £75 £70 £65 £60 £55 £50
Source: Caxtons
1 YEAR GROWTH
0% 0% 0% 4% 8% 17% 0% 0% 6% 6% 20% 0% 0% 4%
Kent average prime industrial and distribution rent Ashford average prime industrial and distribution rent
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
£ per m2