What commercial property are UK tenants looking for in 2026?

Small, affordable workshops, warehouses and shops. Of 35,893 tenant enquiries and calls on Boxpod in the 12 months to October 2026, 65% were for units under 1,500 sq ft and nearly 80% were for industrial units, warehouses or shops. The typical unit enquired about was around 1,000 sq ft at about £12,600 a year.

Updated 3 November 2026 · By Jack Burke, Managing Director · Reviewed by Nick Marlow, Founder

Small units get most of the enquiries

Across 35,893 tenant enquiries and calls on Boxpod in the 12 months to October 2026, the clearest pattern is size. Two thirds of all enquiries (65%) were for units under 1,500 sq ft, even though those units make up only 42% of what is listed. The busiest size band is 500 to 1,500 sq ft: 42% of enquiries from 23% of listings, and 2.7 enquiries per listing over the year.

Larger space is listed far more often than it is asked for. Units over 5,000 sq ft are 27% of listings but attract 10% of enquiries.

Tenant enquiries by unit size, Nov 2025 to Oct 2026
Unit sizeShare of enquiriesShare of listingsEnquiries per listing
Under 500 sq ft23%19%2.1
500 to 1,500 sq ft42%23%2.7
1,500 to 5,000 sq ft24%31%1.2
5,000 to 10,000 sq ft5%12%0.7
Over 10,000 sq ft5%15%0.6

Workshops, warehouses and shops lead the way

Nearly 80% of tenant enquiries were for industrial units, warehouses or shops, which together make up just over half of the listings. Storage units are a small share of the market but are in steady demand, with the highest enquiries per listing of any type.

Offices are the exception. They are around a third of all listings but drew about one in ten enquiries, roughly a quarter of the interest an industrial unit or shop attracts. The offices tenants did ask about were small: the typical one was around 470 sq ft.

Tenant enquiries by property type, Nov 2025 to Oct 2026
Property typeShare of enquiriesShare of listingsEnquiries per listing
Industrial units and warehouses48%34%2.1
Shops and retail31%18%2.5
Offices10%35%0.5
Storage5%4%2.6
Land3%3%1.5

What a typical enquiry looks like

The middle of the market is small and affordable. Across all types, the typical unit a tenant enquired about was around 1,000 sq ft with an asking rent of about £12,600 a year. These are the asking rents of the units tenants contacted, not the rents finally agreed.

The typical unit tenants enquired about, by type
Property typeSizeAsking rent a yearPer sq ft a year
Industrial unit or warehouse1,300 sq ft£12,000£8.85
Shop800 sq ft£15,000£19.83
Storage unit570 sq ft£4,800£8.29
Office470 sq ft£7,200£14.00

Price matters as much as size. Units under £10,000 a year drew 40% of enquiries from 22% of listings, around three enquiries per listing. Units over £50,000 a year are 16% of listings but drew 3% of enquiries. And tenants overwhelmingly want to rent: 94.5% of enquiries were for space to let, 5.5% for space to buy.

Where demand is strongest

Demand on Boxpod is spread across the whole country, with a clear centre of gravity in the Midlands. The East Midlands accounted for a quarter of all tenant enquiries, and Leicester alone generated more enquiries than the whole of London (2,092 against 1,087). The North West had the most enquiries per listing of any region.

Tenant enquiries by region, Nov 2025 to Oct 2026
RegionShare of enquiriesEnquiries per listing
East Midlands25%2.4
South East20%1.4
East of England11%1.7
West Midlands10%1.9
South West10%0.9
North West9%3.2
Yorkshire and the Humber7%1.6
London3%0.7
Scotland3%0.8
Wales1%2.0
North East1%1.6

The ten towns and cities with the most tenant enquiries were Leicester, London, Derby, Lutterworth, Northampton, Market Harborough, Nottingham, Cambridge, Manchester and Norwich. Industrial rents vary less than you might expect: the typical industrial unit enquired about was around £8 per sq ft a year in the East Midlands and Wales, £9 in the East, North West and South West, and £12 in the South East.

What this means if you are letting a unit

If your unit is small, affordable and somewhere a business can trade from, you are offering what most tenants are looking for. A few things follow from the numbers:

  • Lead with size and price. Tenants are filtering on both, so put the floor area and the rent in the title and the first line, and show the price rather than "on application".
  • Price for the band tenants are searching in. Most enquiries sit below £20,000 a year, and units under £10,000 a year get the most interest per listing.
  • Split larger space if you can. Units over 5,000 sq ft get far fewer enquiries per listing than smaller ones. If a building can be let in parts, listing the parts separately reaches more tenants.
  • Expect fewer enquiries for an office. Office demand is real but thinner. Small offices let best, and they need patience.

For timings, see how long it takes to let a commercial unit, and for the checklist before you list, see what you need before listing.

How we measured this

The figures cover every tenant enquiry form and phone-number reveal on Boxpod listings from 1 November 2025 to 31 October 2026: 15,990 enquiries and 19,903 calls, 35,893 in total. Calls are counted once per listing per visitor per day, with automated traffic removed. Monthly enquiries and calls rose from 1,718 in November 2025 to a peak of 4,297 in September 2026.

Shares of listings and enquiries per listing use the listings live on Boxpod on 1 November 2026. Sizes and rents are the asking figures of the units tenants enquired about, weighted by the number of enquiries, not agreed rents. Regions are based on postcode area. The data reflects Boxpod's own listings and tenants, so a town with more Boxpod listings will naturally see more enquiries; the per-listing figures correct for that. Percentages are rounded.

Boxpod data, November 2025 to October 2026: 35,893 tenant enquiries and calls. 65% were for units under 1,500 sq ft and nearly 80% for industrial units, warehouses or shops. The typical unit enquired about was around 1,000 sq ft at about £12,600 a year. The East Midlands accounted for a quarter of all enquiries, and Leicester alone for more than the whole of London.

We will update these figures as the year goes on. If you are letting a small unit, a workshop, a shop or a storage unit, this is the market Boxpod tenants are searching in.

Any questions about Boxpod? Email us at hello@boxpod.co.uk - we guarantee a real person at the other end.

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Quick answers

Frequently asked

What size commercial unit is most in demand in the UK?

Small units. On Boxpod, 65% of tenant enquiries in the 12 months to October 2026 were for units under 1,500 sq ft, and the busiest band was 500 to 1,500 sq ft, with 42% of all enquiries from 23% of listings.

What rent are small business tenants looking for?

The typical unit Boxpod tenants enquired about was around 1,000 sq ft at about £12,600 a year. For industrial units the typical asking rent was about £8.85 per sq ft a year, for shops about £19.83. Units under £10,000 a year drew 40% of enquiries from 22% of listings. These are asking rents, not agreed rents.

Which part of the UK has the most demand for small commercial units?

On Boxpod, the East Midlands accounted for a quarter of all tenant enquiries between November 2025 and October 2026, and Leicester was the busiest single town. The North West had the most enquiries per listing of any region.

Are offices still in demand?

Yes, but less than other types. Offices were about a third of listings on Boxpod but drew about one in ten tenant enquiries, around 0.5 enquiries per listing against 2 to 2.6 for industrial units, shops and storage. The offices tenants asked about were small, typically around 470 sq ft.

Do more tenants want to rent or buy commercial property?

Rent, by a wide margin. 94.5% of tenant enquiries on Boxpod in the 12 months to October 2026 were for space to let, and 5.5% for space to buy.