Commercial Market Update A strong start to the year
Welcome to our first Commercial Update of 2017
Despite the unexpected and unsettling political outcomes of 2016, our commercial team experienced an incredibly busy end to last year. The commercial property market remains buoyant and we are anticipating another record year, despite demand for properties outstripping supply.
High demand for industrial space continues, but this is coupled with decreasing levels of availability. Competition for small to medium sized units (1,000–10,000 sq ft) remains strong, and we have repeatably seen industrial space get snapped up in a matter of days.
The retail sector looks set to remain strong throughout 2017 and we anticipate that prime high street as well as out-of-town locations will remain desirable. We have seen an increase in ‘change of use’ being applied for, such as gyms, vets, restaurants, takeaways and bars.
The loss of office space to housing has had an impact on the market and we expect that buildings will continue to be converted or demolished in this way. Although this shortage of office stock results in less choice for occupiers, the general quality of office space should remain high.
If you have a commercial property to sell or let, get in touch with our commercial team to arrange a market valuation and we will help you find the right buyers or tenants.
Commercial Property Update
Click below to view our latest Commercial Property Update, which covers our recently let, sold and available properties.
For more information on any of the properties, please get in touch with our commercial team on 01903 201212 or email@example.com.
Read our commercial property update here
Content accurate at time of publishing.