Best areas to open storage depot in East Midlands
18 East Midlands local authorities ranked by the Gera Business Location Score — real rent, wages, rates and market density.
Where is the best place to open a storage depot in East Midlands?
In East Midlands, the best area to open a storage depot is North West Leicestershire, with a Gera Business Location Score of 70/100: premises at £11/m²/yr and local median pay £30,034. Charnwood ranks lowest of 18 East Midlands authorities at 36.1/100. From 2025 UK government open data; re-dated annually.
Gera Business Location Score
Top East Midlands area for storage depot: North West Leicestershire.
How this is calculatedEast Midlands ranked for storage depot
| # | Local authority | GBLS | Rent (£/m²/yr) | Local pay | Rates / 100 m² |
|---|---|---|---|---|---|
| 1 | North West Leicestershire | 70/100 | £11 | £30,034 | £475 |
| 2 | Boston | 69.3/100 | £30 | £26,187 | £1,296 |
| 3 | East Lindsey | 62.2/100 | £15 | £26,724 | £648 |
| 4 | North Kesteven | 61.6/100 | £10 | £29,941 | £432 |
| 5 | South Derbyshire | 61.3/100 | £9 | £32,938 | £389 |
| 6 | South Kesteven | 56.2/100 | £27 | £28,724 | £1,166 |
| 7 | Nottingham | 56/100 | £24 | £29,144 | £1,037 |
| 8 | North Northamptonshire | 55.6/100 | £37 | £31,027 | £1,598 |
| 9 | Erewash | 53.3/100 | £30 | £29,102 | £1,296 |
| 10 | West Northamptonshire | 52.6/100 | £46 | £33,147 | £1,987 |
| 11 | Amber Valley | 51.4/100 | £30 | £31,100 | £1,296 |
| 12 | Bassetlaw | 51/100 | £47 | £26,888 | £2,030 |
| 13 | High Peak | 50/100 | £38 | £28,463 | £1,642 |
| 14 | Newark and Sherwood | 48.8/100 | £44 | £26,911 | £1,901 |
| 15 | Derby | 47.7/100 | £33 | £35,179 | £1,426 |
| 16 | Lincoln | 47.4/100 | £36 | £29,482 | £1,555 |
| 17 | Leicester | 42.5/100 | £58 | £29,411 | £2,506 |
| 18 | Charnwood | 36.1/100 | £57 | £32,435 | £2,462 |
Frequently asked questions
- What is the cheapest area for storage depot premises in East Midlands?
- The lowest VOA rateable value for this property type in East Midlands is £9/m²/yr in South Derbyshire. On the combined Gera Business Location Score, which also weighs wages and demand, North West Leicestershire ranks #1.
- How much are business rates for storage depot in North West Leicestershire?
- For a 100 m² unit in North West Leicestershire, business rates are roughly £475/yr at the 2026-27 small-business multiplier (43.2p), on top of about £1,100/yr rent — before Small Business Rate Relief.
Opening a storage depot in East Midlands?
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Contains public sector information published by Valuation Office Agency and Office for National Statistics and licensed under the Open Government Licence v3.0. Source: VOA Business Floorspace + ONS Business Counts + ONS ASHE (work geography) + ONS population estimates (2025 (VOA 31 March 2025; ASHE 2025 provisional; Business Counts 2025; population mid-2024), published December 2025).