Industrial property leads the way in Northamptonshire commercial investments
Published September 1st, 2017
The first half of 2017 has demonstrated the strength of the county’s core business. Market activity has been buoyant from industrial and warehouse occupiers, whereas the general office market has been more cautious.
There was considerable uncertainty following the Brexit vote and the unexpected general election did little to reassure business-owners. Despite this, local and regional businesses continue to be active and confident in both the local and national economy.
Statistics suggest a thriving industrial market across the region and Berrys anecdotal evidence certainly reiterates those figures. Our commercial teams have seen a noticeable increase in demand for all types of industrial property since the start of 2017, which is not satisfied by sufficient supply. Many of Berrys clients and contacts have seen increased rental and capital values over the past few years.
Figures from Savills suggest that investment volumes in UK commercial property were 1% higher in the first half of 2017, compared to the same period in 2016, with £27.2 billion worth of UK transactions taking place.
Figures indicate that the first 6 months of 2017 yielded a better performance than the same period in 2016, particularly for industrial property but the general election outcome has seen a quieter summer period. We look forward to a busy autumn and expect many businesses, investors and developers to set aside the political and economic circumstances and refocus their attention to business expansion.