{"id":612,"date":"2017-04-08T11:17:30","date_gmt":"2017-04-08T11:17:30","guid":{"rendered":"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/?p=612"},"modified":"2018-03-01T14:57:42","modified_gmt":"2018-03-01T14:57:42","slug":"units-to-let-nottingham","status":"publish","type":"post","link":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/units-to-let-nottingham\/","title":{"rendered":"Units to let in Nottingham"},"content":{"rendered":"<p lang=\"de-DE\" style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2017\/04\/units-to-let-nottingham.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-615\" src=\"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2017\/04\/units-to-let-nottingham.jpg\" alt=\"units-to-let-nottingham\" width=\"500\" height=\"320\" srcset=\"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2017\/04\/units-to-let-nottingham.jpg 500w, https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2017\/04\/units-to-let-nottingham-300x192.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p lang=\"de-DE\" style=\"text-align: left;\" align=\"center\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><b>Demand for more commercial property to let and buy in Nottingham<\/b><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">NOTTINGHAM&#8217;S commercial property market performed well across all sectors despite a year of uncertainty, according to a report by one of the region&#8217;s top agencies.<\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">The Innes England Market Insite report has been monitoring the regional property market <\/span><\/span><span style=\"font-family: Arial,serif;\">for ten years.<\/span><\/span><\/p>\n<p lang=\"en-US\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">In Nottingham, the 2016 report highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li lang=\"en-US\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\">Refurbished offices continued to attract new occupiers<\/span><\/span><\/li>\n<li lang=\"en-US\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\">Prime retail rates increased <\/span><\/span><\/li>\n<li lang=\"en-US\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\">Industrial activity remains consistent at 1.4m sq ft<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"en-US\"><span style=\"font-family: Arial,serif;\">Ben Taylor, retail director at Innes England, said: \u201cNottingham continued to be a top retail location last year, with retail in the city focusing heavily on intu and its two shopping centres. Zone A rents continued to rise in prime areas including Nottingham\u2019s Clumber Street and the intu Victoria Centre. <\/span><\/p>\n<p class=\"western\" lang=\"en-US\">\u201c<span style=\"font-family: Arial,serif;\">Work to transform the Broadmarsh area started in January 2016, which will hopefully attract further investment in the area.\u201d<\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"color: #00000a;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Giltbrook Retail Park championed retail activity out of town, securing a record rent for the former BHS unit to FABB Sofas, while Next committed to an increase in store size in 2017.<\/span><\/span><\/span><\/span><\/p>\n<h2 lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"color: #00000a;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\"><b>Offices to let in Nottingham<\/b><\/span><\/span><\/span><\/span><\/h2>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Nottingham\u2019s office market performed strongly in 2016 thanks to a large number of transactions, however, total take-up was hampered by a lack of larger scale transactions. <\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Director Craig Straw, added: \u201cAvailability in the office market fell to its lowest in a decade, which is illustrative of the strength in the Nottingham market. The city was once again challenged by a lack of Grade A space throughout 2016. There were, however, a number of notable developer-led transactions, including Miller Birch\u2019s acquisition of The Guildhall and the sale of the former Eastside scheme, both of which signpost the market\u2019s intentions to address dwindling levels of stock. Looking forward, the 200,000 sq ft Government Hub is also set to add significant impetus to the market, around the railway station.\u201d<\/span><\/span><\/span><\/p>\n<p>See our\u00a0 current up to date listing of <a href=\"http:\/\/boxpodcommercialproperty.co.uk\/offices-to-let\/nottingham\">offices to let in Nottingham<\/a>.<\/p>\n<h2 lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\"><b>Industrial units to let in Nottingham<\/b><\/span><\/span><\/span><\/h2>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Availability of Grade A stock continued to challenge the industrial sector too, with levels at their lowest since 2007. However, take-up remained above the ten-year average for a third year running.<\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Craig said: \u201cThe industrial market is still hampered by a supply of good quality stock, with 96% of all available space currently second-hand. There is huge demand or Grade A space, with the recently constructed Southglade Park an BSP Holdings\u2019 Lewis Industrial Estate both letting well. Progress is also being made on the disposal of Imperial Tobacco\u2019s 43-acre Horizon Factory site, with expectations that much-needed new supply will soon be entering the market.\u201d<\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Investment levels in Nottinghamshire remained strong, with a total of \u00a3298m of transactions completed. Prime yields remained stable across all main sectors despite economic uncertainty, however overall investment into UK commercial property reduced by 20% in comparison to 2015.<\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\"><span lang=\"en-US\">Craig said: \u201cLast year there were significant transactions in both the industrial and retail sectors: the \u00a377.3m purchase of DSG Retail\u2019s Regional Distribution Centre in Newark and two units totaling more than 70,000 sq ft were let to H&amp;M and River Island for \u00a323.3m. The rise in prime rents across Nottingham over the past 12 months is really good news, especially in such an uncertain market.\u201d<\/span><\/span><\/span><\/p>\n<p lang=\"de-DE\"><span style=\"color: #000000;\"><span style=\"font-family: Arial,serif;\">See our\u00a0 current up to date listing of\u00a0<a href=\"http:\/\/boxpodcommercialproperty.co.uk\/industrial-units-to-let\/nottingham\"> industrial units and workshops to let in Nottingham<\/a>.<br \/>\n<\/span><\/span><\/p>\n<p lang=\"de-DE\">If you have commercial property to let or sell in Nottingham, <a href=\"http:\/\/boxpodcommercialproperty.co.uk\/register.php\">advertise it with Boxpod<\/a>. If you are looking to rent or buy commercial property in Nottingham, use our easy postcode search facility.<\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for more commercial property to let and buy in Nottingham NOTTINGHAM&#8217;S commercial property market performed well across all sectors despite a year of uncertainty, according to a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/612"}],"collection":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=612"}],"version-history":[{"count":7,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/612\/revisions"}],"predecessor-version":[{"id":614,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/612\/revisions\/614"}],"wp:attachment":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}