Stevenage Borough Council - Life Science Clusters, Life Science Hubs and Information Technology Parks - Property Availability & Cost
Overall Summary
Commercial Property Hertfordshire
Hertfordshire is a county which can accommodate all sizes of businesses and all the needs of modern industry. Stevenage is advantageously located east of the A1(M) motorway, and as such is well positioned for industry within the county.
The industrial property of the region is centred on the Industrial Area, a designated zone separate from the residential and retail sections of the town. GlaxoSmithKline is the largest employer in Stevenage, operating from ‘The Palace’, a purpose built pharmaceuticals research laboratory complex. Other major employers include British Aerospace and Atrium.
Manufacturing/Industrial
Stevenage has a mixture of office and industrial commercial property either for sale or rent, all of which is centrally situated, due to the size of the borough and the design of the town and surrounding area.
Annual Rent Range: Up to £6 per sq. ft.
Warehousing/Distribution
Stevenage has a limited amount of commercial property available for warehouse/distribution purposes.
Annual Rent Range: Up to £6 per sq. ft.
Headquarters/Regional Offices
Stevenage is a modern commercial centre with a very good range of commercial property suitable for headquarters/regional office purposes.
Annual Rent Range: Up to £20 per sq. ft.
Back Offices/Call Centres/Administration Centres
Stevenage has a limited supply of accommodation suitable for large back office and call centre activities, etc.
Annual Rent Range: Up to £20 per sq. ft.
Serviced Office Accommodation
A wide variety of serviced offices are available in Stevenage. Prices vary considerably depending on the extent of services offered. Offices are available both close to the town centre, and further out in the industrial area.
Annual Rent Range: Up to £50 per sq. ft.
Light Industrial
Stevenage has a good supply of accommodation suitable for light industrial purposes, ranging from small ˜one man` workshops to medium sized premises.
Annual Rent Range: Up to £10 per sq. ft.
Business Parks
The centrally situated Business & Technology Centre provides the complete solution for aspiring entrepreneurs and innovators. It offers advice and support, specialist training, access to finance and introductions to other knowledge based companies and agencies.
Information Technology Cluster
The Business & Technology Centre is the longest serving enterprise hub in the region, and as a partner with the University of Hertfordshire, is rapidly becoming a major Information Technology Cluster for new businesses.
These modern, purpose-built offices range from 538 sq ft to 860 sq ft, available on flexible terms. They include a manned reception, building insurance, and security patrols, together with meeting and conference rooms at discounted rates, and an on-site bistro.
Arlington Business Park and Meadway Technology Park are also both located within the main employment area of Gunnels Wood, and offer a range of high specification modern commercial premises.
Annual Rent Range: Up to £20 per sq. ft.
Research & Development, Innovation, Science Parks
Stevenage has a long history as a home of research and innovation. British Aerospace has a large presence in the town, and Astrium – a subsidiary of the European Aeronautic Defence and Space Company – produces components for spacecraft from their facilities in Stevenage.
Life Science Cluster
Stevenage Bioscience Catalyst is an independent life sciences cluster which specialises in incubation services for early stage biotechnology companies.
As an open innovation campus, the Stevenage Bioscience Catalyst emphasises the use of externally-sourced ideas and expertise, as well as the use of connections and networks to build cooperative relationships across companies and individuals within the biosciences sector.
Rents at the Life Science Cluster are all fully negotiable.
For further information visit the Stevenage Bioscience Catalyst website or call +44 (0)1438 768551
Annual Rent Range: Up to £10 per sq. ft.
Land/Greenfield Sites
There are some small and medium sized areas of land within the main employment areas, which are potentially available for development.
Cost Range: Up to £350,000 per acre
Retail
Stevenage Town Centre was the first purpose built traffic-free shopping zone in Britain. It is a fully pedestrianized shopping area and is currently undergoing proposals for regeneration work.
Stevenage has vacant retail units within the town centre that are privately owned, and further vacant retail units in the neighbourhood centres of residential areas, that are owned by the Council.
Annual Rent Range: Up to £20 per sq. ft.
