Best areas to open storage depot in London
8 London 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 London?
In London, the best area to open a storage depot is Hillingdon, with a Gera Business Location Score of 52.3/100: premises at £35/m²/yr and local median pay £37,941. Bromley ranks lowest of 8 London authorities at 16.1/100. From 2025 UK government open data; re-dated annually.
London ranked for storage depot
| # | Local authority | GBLS | Rent (£/m²/yr) | Local pay | Rates / 100 m² |
|---|---|---|---|---|---|
| 1 | Hillingdon | 52.3/100 | £35 | £37,941 | £1,512 |
| 2 | Brent | 50.1/100 | £36 | £32,335 | £1,555 |
| 3 | Hounslow | 45/100 | £43 | £38,422 | £1,858 |
| 4 | Enfield | 42.6/100 | £53 | £31,252 | £2,290 |
| 5 | Barking and Dagenham | 41/100 | £60 | £32,433 | £2,592 |
| 6 | Ealing | 38.1/100 | £57 | £33,592 | £2,462 |
| 7 | Croydon | 31.6/100 | £61 | £34,987 | £2,635 |
| 8 | Bromley | 16.1/100 | £90 | £33,520 | £3,888 |
Frequently asked questions
- What is the cheapest area for storage depot premises in London?
- The lowest VOA rateable value for this property type in London is £35/m²/yr in Hillingdon. On the combined Gera Business Location Score, which also weighs wages and demand, Hillingdon ranks #1.
- How much are business rates for storage depot in Hillingdon?
- For a 100 m² unit in Hillingdon, business rates are roughly £1,512/yr at the 2026-27 small-business multiplier (43.2p), on top of about £3,500/yr rent — before Small Business Rate Relief.
Opening a storage depot in London?
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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).