Park Steele Farnham office report that after a quieter than usual summer, the market gathered pace in September.

Viewings and enquiries picked up going into autumn and have maintained these better levels as we come to winter. However, there is some caution in the market with the Budget approaching and world events in general causing occupiers to take their time over the decision making process before finally committing to a transaction. Legal formalities remain frustratingly slow causing impatience among sellers/buyers and lessors/lessees who having finally committed to a deal want to get it through.

Industrial/warehouse remains strong and whilst our experience has been a plateauing in values, demand still remains as does a lack of supply.

Small retail continues to be in demand with independents staying acquisitive and we have generally found there to be a choice of tenants wishing to lease small shops in and around the town centres. But they are budget driven and interest tails off from tenants where rents start to exceed £35/40,000 per annum in, say, Farnham.

Our local office market is still a little slow with a lack active demand, although supply is also limited.

The leisure sector remains busy with tenants still acquiring. Clinics and healthcare are featuring less in our daily enquiries. Class E enables these users to take office space without a change of planning use required.

Freeholds in general continue to capture attention and any coming to the market will usually stir up strong interest, as pictured above.

We suspect that once we break into the New Year with the Autumn Budget behind us parties will begin to push ahead with their business and property decisions with more gusto.

You can see all of the available commercial property listed by Park Steele on NovaLoca here.

This entry was tagged: park steeleLeave a comment below