Colliers: 'Heathrow the most expensive warehouse space in the world'

London's Heathrow submarket is the most expensive warehouse space in the world, property services firm Colliers International said on Friday in the latest Global Industrial report. Prices in London's submarket have reached the $26.92 per sq ft per year (£13.50 per sq ft per year), according to Colliers' research.

The report also found that industrial markets around the world are beginning to feel the effects of the global slowdown. Similarly to the American and Asian markets, the European warehouse markets are growing less than last year. In particular, Spain, The Netherlands, Austria, Belgium, Sweden, Denmark and the UK are all anticipating higher yields (lower prices) in the coming months. For the rest of the EMEA region, however, solid fundamentals are expected to leave yields steady and in some cases possibly decline.