Leicester is fast becoming a commercial hub for businesses seeking affordability, central location, and a thriving local economy. From independent retailers and creative studios to light industrial and service-based operations, demand for small commercial units to rent in Leicester continues to grow.
Whether you’re a start-up looking for a launchpad, an expanding SME, or a landlord with units to lease, understanding the market dynamics and available options is crucial. In this guide, we explore the types of small units available, top locations in Leicester, key leasing considerations, and how Fraser Bond helps occupiers and investors maximise opportunities in the East Midlands.
Centrally located in the UK with excellent road (M1), rail, and freight links
Easy access to London, Birmingham, Nottingham, and the wider Midlands region
Thriving retail, manufacturing, logistics, and creative sectors
Home to two major universities and a young, skilled workforce
Lower commercial rents compared to other UK cities
Ideal for cost-conscious businesses seeking room to grow
Popular in high footfall areas such as Leicester City Centre, Narborough Road, and Melton Road
Suitable for boutiques, cafes, salons, and pop-up stores
Found in areas like Thurmaston, Braunstone, and Hamilton
Ideal for trades, fabrication, and local manufacturing
Flexible small units available in business parks and serviced offices
Great for tech firms, consultancies, and back-office operations
Often sought after by e-commerce sellers, couriers, and tradespeople
Located in Wigston, Meridian Business Park, and Beaumont Leys
| Area | Type of Units | Why It’s Popular |
|---|---|---|
| City Centre | Retail, offices | High visibility, transport links |
| Meridian Business Park | Industrial, storage | Modern units, strong infrastructure |
| Thurmaston | Light industrial | Affordable, established estates |
| Braunstone Gate | Mixed-use, retail | Student and residential footfall |
| Hamilton and Rushey Mead | Business units | Proximity to residential areas |
Fraser Bond maintains strong relationships with landlords and developers across these zones — allowing us to connect tenants with off-market or early-release opportunities.
Understand the length of lease, break clauses, and rent review terms
Fraser Bond can negotiate favourable terms on your behalf
Confirm that the unit has the correct planning use class (e.g., E, B2, B8)
We help clients navigate local planning restrictions or obtain required changes
Some units come fully refurbished, others may require investment
Factor in service charges, compliance, and insurance obligations
Choose a unit that allows for business growth or expansion
Fraser Bond advises on adjacent units or estates offering multiple sizes
Fraser Bond works with a wide range of commercial tenants — from first-time occupiers to established national chains — seeking small units to rent in Leicester. Our services include:
Identifying and securing the best commercial units
Negotiating lease terms and handling legal complexities
Coordinating fit-out and relocation support
Advising investors and landlords on how to attract and retain quality tenants
With our deep market knowledge and access to exclusive listings, we ensure our clients find the right space at the right value.
Leicester’s combination of affordability, accessibility, and economic diversity makes it an ideal location for businesses seeking small commercial units to rent. Whether you're launching a new venture or expanding regionally, the right space can fuel your next phase of growth.
Fraser Bond offers tailored advice and end-to-end support to help you rent, manage, or invest in small commercial units in Leicester and beyond. Contact our team today to discuss available properties or your specific requirements.
