Commercial property market sees strong 2012 | 14 November 2012
The East Midlands commercial property market has had a prosperous 2012, analysts have claimed.
Whilst the market had to overcome a relatively slow start at the beginning of 2012, increases in businesses throughout the year have made for a positive 12 months, cavendishblog.com reports.
Speaking at the East Midlands Property & Business Show at the East Midlands Conference Centre, Craig Shaw, director of property agency Innes England, said there were many positives to take from the past year’s results.
“In 2012, take up in the first quarter was only 24,000 square feet compared with 100,000 square feet in the first quarter last year,” he told thisisnottingham.com.
“It was the same in the South East – 250,000 versus 850,000. But as the year has progressed we have seen some more positive signs, with businesses like TDX moving into The Pod, Balfour Beatty taking 30,000 square feet and Bombardier taking 60,000 square feet in Leicester.”
Much of the growth, Shaw claimed, has come from larger property acquisitions, however, prompting him to call on more investment in smaller firms to give them the confidence they need to take on the array of sub-5,000 square foot properties on the market.
Elsewhere at the conference, professor of geology and engineering at the University of Nottingham, Paul Nathanail, offered advice on brownfield development, while entrepreneur Kavita Oberoi, who once appeared on ‘Secret Millionaire’ shared her experience on the business decision-making process.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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