High demand for industrial properties
Wednesday April 10th, 2019
Lambert Smith Hampton’s latest ‘Market Pulse’ report highlights that the demand for industrial commercial property along the South Coast remains steady despite challenging market conditions and uncertainty over Brexit.
The report, which summarises the key commercial trends in the local property and reviews how the south coast is performing, also confirms that there has been an increase in the level of enquiries for large industrial properties at 50,000 sq. ft and an increase in the take up of industrial and logistics space.
Flagship business parks such as Solent Business Park and Lakeside North Harbour continue to attract interest for office space, and the prospect of new office schemes such as Station Approach in Winchester, is attracting interest from prospective occupiers.
Availability of property on the market increased in Q4, notably at Hermitage Park in Havant and The Nelson Centre in Portsmouth, but there is still a need for more grade A office supply.
The report also noted significant activity in the investment market. There was £75.4 million of south coast transactions in the final quarter of 2018, bringing the year’s total to approximately £231m.