Investment News
Despite the market uncertainty and increasing political turmoil, which had almost become the status quo, the East Midlands continued to perform well in 2019 with occupiers looking to make progressive moves but being hampered by a general lack of good quality supply. This continued demand and squeeze on supply has resulted in an improvement in office and industrial rents in the region.
Latest indicators suggest that average City Centre office rents in Nottingham have increased by nearly 50% since 2014, with further growth anticipated before new build supply is brought forwards. Sustained increases in industrial rents continue to provide yield improvement and opportunity to add value in the second hand market, we are now seeing a number of speculative developments due to be completed in the region throughout 2020.
Following the election result, Westminster is turning its attention to the Midlands and the North with a planned boost in infrastructure investment to further stimulate the economy. There remains a sense that there is pent up demand in the region from occupiers and investors alike and with the certainty provided by the general election result and clarity over the UK’s Brexit position, we are hoping to see a ‘bounce’ early in the New Year.
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