Property Market

As we move into Spring, there is a noticeable pick up in the commercial property market. 

Retail is having the biggest bounce, because I suspect, the impact of opening a shop is immediate; to retail, you may want some premises straight away, whereas  an office based business may start up from home to begin with.

Shop keepers, attracted by the low rents, have taken up most of the well priced units that we have on offer and we have even found that some shops are now being sold too.

There is a steady flow of interest in renting office space as businesses look to expand their operations as well as those taking advantage of the lower rents and moving. 

The trade in industrial units continues to develop and we are seeing stock both sold and rented, especially if they are priced well. I think that this is a reflection of industrial units being the future of commercial property (warehousing, offices, retail and free parking all make them more attractive than traditional office and retail).

Like most addicts, even after five years of being off their drug of choice, the desire to go back still lingers. For some, they will have kicked the habit, but for others it will not go away. To this end we are seeing some investors returning with an increase in enquiries as they redevelop a taste. This process will inevitably lead to more developments taking place and the town/ city landscaping evolving again.