For over 50 years you had to pay to cross the Severn Bridges between Wales and England. One year on from the scraping of the tolls, we look at the impact it’s had on commercial property to rent in South Wales.
Motorists are up to £1,400 better off since the tolls were removed in December, 2018. Taking that cost out of journeys has opened up new opportunities for businesses to look at South Wales for commercial units.
Since the introduction of free crossings, Boxpod has seen an increase in demand for office space to rent in Cardiff. Comparing data from the previous 12 months, the biggest growth in demand and enquiries was for industrial units in Swansea which soared by 300% while there was a 200% increase in interest for retail units.
This is all promising news for commercial property landlords in South Wales so advertise your workspace with Boxpod.
DiverseCiti UK has had enquiries for its retail site in Caerphilly and business centre in Cardiff with some units remaining.
Businesses such as hair salons, kitchen showrooms and beauty salons have been interested in the Caerphilly shop. It’s a double fronted 367sq ft retail unit in Pentrebane Street with good footfall, located near the town centre. Rent is approx £115pw.
Businesses can rent modern, flexible office space with car parking, meeting room hire, use of kitchens and break out areas in Barry, Vale of Glamorgan, Cardiff. Offices from 90sq ft – 325 sq ft are available, prices from approx £38 pw. The business centre has shared and private offices to rent.