Boxpod explores the commercial property market in the North West through the eyes and ears of one of the region’s leading agents, Pearson Ferrier.
Based in Bury 10 miles north of Manchester City Centre, the firm has a diverse range of Commercial Property both for sale and for rent; from high street retail, office accommodation, industrial units through to land and commercial investments.
There’s a pretty good buzz throughout all sectors of the commercial world in the region, according to Pearson Ferrier’s commercial manager, Jonathan Gold. As for the Pop-Up phenomenon which is flourishing in London, the jury is out: “It works for some but we are finding that people prefer to have their own office and private workspace. Serviced accommodation is attractive to many start up businesses.
“We have seen an increase in activity across the sector, people are looking for a keen price, however, they are putting offers on the table and landlords are showing more flexibility, offering longer rent-free periods and break clauses.
Jonathan reports a shortage of industrial stock between 2,500-5,000 sqft. Supply and demand of smaller and larger units is healthy but the mid-sized space is hard to secure.
Business in the office sector was buoyant up until October and has typically tailed off as Christmas approaches. Jonathan expects an improvement in this sector moving into January 2016.
With the economy picking up and more funding options available, Jonathan is witnessing more start ups venturing in to retail units. “We have seen online businesses wanting to add a high street presence”.
Long may the Northern Powerhouse continue to fuel new and existing business growth!
This year’s deals include:
4,950 Sq Ft of Retail in Manchester City Centre let for £41,000 in February 2015
8,000 Sq Ft of industrial in Bury let for £55,000PA in September 2015
Find Pearson Ferrier properties on Boxpod: