Warehouse Costs Rise 10% With London Most Expensive Globally
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London is the most expensive city in the world for warehouse space as rent increases continue to outpace inflation.
The total cost of occupying the best warehouses, including rents, service charges and taxes, rose 10% in the year through June, according to data compiled by Savills Plc. The UK capital remains by far the most expensive city, with the best space costing $41.68 a square foot, compared with $27.44 in Sydney, which ranked second, the broker’s data show.