Harvey Pearson, Managing Director of Hexagon Commercial Property presents an Outlook for 2026.

There has been no shortage of negative commentary around the economy, and it would be easy to assume that this would continue to suppress activity into 2026. Our experience on the ground, however, suggests a more balanced and ultimately more encouraging picture.

Towards the end of last year, decision-making slowed noticeably. Many occupiers and investors paused ahead of the Budget, and that period of hesitation quickly ran into the Christmas break. Activity dipped, but it felt more like a delay than a cancellation of plans.

Since returning in the New Year, the change has been clear. Enquiry levels have increased, phones are busy, and deals are moving forward. Businesses are taking space and engaging in conversations that had been on hold only a few months ago. There is a sense that people are prepared to make decisions again rather than wait for perfect conditions.

This is not to suggest that the market is without challenges. Cost pressures and wider economic uncertainty remain, and these will continue to influence behaviour. However, many businesses appear to have accepted that uncertainty is now part of the landscape and are choosing to work within it.

From our perspective, this points to a solid year ahead. Activity is being driven by practical requirements rather than speculation, which tends to result in more sustainable outcomes. While sentiment in the media may remain cautious, day-to-day market behaviour feels more constructive.

On that basis, we expect 2026 to be a busy year. Not without its complexities, but characterised by steady demand, realistic decision-making, and a willingness from businesses to move forward.

You can see all of the available commercial property from Hexagon Commercial Property on NovaLoca here.

www.hexagoncommercial.co.uk

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