Home » COMMERCIAL PROPERTY MARKET UPDATE

The partial lifting of lockdown earlier this week will see a return to work for some sectors of the commercial market, in particular manufacturing . Green  shoots of a recovery back to a ‘new normal’  are already apparent and we are experiencing a good level of enquiries, particularly for the industrial sector.  We will be offering a freehold industrial premises on the Wickford Business Park within the next few working days and we expect strong demand for that, despite the ongoing pandemic – watch this space.   It is true to say that enquiries for smaller industrial units hasn’t really stopped over the past couple of months and supply remains short.

 

There are still areas of the market that will remain sticky over the coming months,  retail will struggle until lockdown is lifted. However there is a growing optimism that with changes in the way that we all work coupled with an enlightened and sensible approach by employers and member of the public we will see the commercial market come back as strongly. We have a number of new commercial premises which we expect to come to the market over the coming weeks and watch our blogs for news of those.

Diane Tait

Commercial Manager