To Let POA
Activity and growth predicted for 2015 commercial property market
Published January 20th, 2015
With 2014 providing a year of increased activity and growth in the economy, the prospects are looking positive for continued growth in 2015.
However, according to Duncan Batty of Berrys, recent survey evidence for the service sector, construction, manufacturing and mortgage lending, points to a slight slowdown in activity at the start of the year.
“The good news is that further into 2015 a much better outlook is predicted, especially with the drop in oil prices over the past six months and the slight uplift in wages which will lead to increased consumer spending and improved retailer profits,” said Duncan who specialises in commercial property at the Towcester office of Berrys.
He predicts that this growth in employment and corporate profitability will also increase demand for office space.
“This outlook is only threatened by the impending election and fragility of the Eurozone,” he said.
“With take up increasing and availability reducing generally across the Midlands and South of England market, this will inevitably lead to rent and price rises so off-market knowledge will become key to those with expansion plans over the coming year,” he added.
For detailed and comprehensive advice on commercial property matters contact Duncan Batty at the Towcester office of Berrys on 01327 356146 email email@example.com