Commercial property to rent in Hertsmere: rental values and leases
The local business premises, their rateable values and energy ratings, and what to check in a lease.
Last checked: 2 November 2026, against the Valuation Office Agency statistics and the MHCLG Energy Performance of Buildings tables.
Not legal advice. This page has not been reviewed by a solicitor. The figures are official statistics run through our calculators, not a quote.
What should I know about taking a commercial lease in Hertsmere?
As of March 2026, Hertsmere has about 3,230 business premises on the rating list, with offices at an average rateable value of £217 per m² and shops at £191 per m². Before you sign a lease, check the rent review, repairs, break clause and the premises' energy rating.
Updated
Got a draft lease for premises in Hertsmere? We'll introduce you to an independent SRA-regulated property solicitor, who confirms their fee in writing before any work starts.
Get a lease review quoteWhat does commercial property rent for in Hertsmere?
The VOA's rateable value is its estimate of an appropriate annual rent for a property, assuming the tenant pays the business rates, repairs and insurance. It is not a current market rent or an asking rent: the figures below are averages from the 2023 rating list, whose rateable values are based on rental values at 1 April 2021; the 2026 revaluation replaced on 1 April 2026. Use them to compare towns and property types, then check real asking rents with local agents.
| Type | Per m² | 50 m² | 100 m² | 250 m² |
|---|---|---|---|---|
| Office | £217 | £10,850 | £21,700 | £54,250 |
| Shop | £191 | £9,550 | £19,100 | £47,750 |
| Industrial | £84 | £4,200 | £8,400 | £21,000 |
Business premises in Hertsmere
| Type | Premises | Rateable value per m² | England and Wales |
|---|---|---|---|
| Shops | 700 | £191 | £144 |
| Offices | 970 | £217 | £204 |
| Industrial | 750 | £84 | £42 |
Energy ratings of business premises in Hertsmere
| Rating | A+ | A | B | C | D | E | F | G |
|---|---|---|---|---|---|---|---|---|
| Hertsmere | 3 | 8 | 83 | 51 | 28 | 12 | 2 | 1 |
| England and Wales | 838 | 8,155 | 30,603 | 30,673 | 12,920 | 5,645 | 552 | 598 |
What to check before you sign
- The red flags in a commercial lease
- Break clauses and rent reviews
- A schedule of condition and dilapidations at the end
- The running costs: the business rates calculator
More questions about premises in Hertsmere
What is the rateable value of shops in Hertsmere?
£191 per m² on the 2023 list, across about 700 shops: 33% above the £144 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
What is the rateable value of offices in Hertsmere?
£217 per m² on the 2023 list, across about 970 offices: 6% above the £204 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
What is the rateable value of industrial premises in Hertsmere?
£84 per m² on the 2023 list, across about 750 industrial premises: 100% above the £42 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
How many recent energy certificates in Hertsmere are rated F or G?
1.6% of the 188 certificates lodged for business premises in the last four quarters (England and Wales: 1.3%); 50% were A or B. Since 1 April 2023 a landlord in England and Wales can't continue to let most non-domestic premises rated F or G unless an exemption is registered.
Source: MHCLG, Energy Performance of Buildings Certificates live tables, tables updated 2026-10-29.
Nearby areas
| Area | Offices | Shops |
|---|---|---|
| Watford | £222 | £152 |
| Welwyn Hatfield | £170 | £136 |
| St Albans | £218 | £185 |
| Three Rivers | £231 | £209 |
Questions
How many business premises are there in Hertsmere?
Got a draft lease for premises in Hertsmere? We'll introduce you to an independent SRA-regulated property solicitor, who confirms their fee in writing before any work starts.
Get a lease review quoteSources
- VOA: Non-domestic rating: stock of properties, March 2026
- VOA: Non-domestic rating: business floorspace, March 2026
- MHCLG: Energy Performance of Buildings Certificates, live tables (non-domestic, by local authority)
- The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015
- GOV.UK: Non-domestic private rented property minimum energy efficiency standard
- Landlord and Tenant Act 1954, Part 2 (business tenancies)
VOA statistics at 31 March 2026 (2023 rating list) and MHCLG EPC tables, retrieved 2026-11-02. Contains public sector information licensed under the Open Government Licence v3.0. This page is general information, not legal advice, and hasn't been reviewed by a solicitor. Instrukt is not a law firm.