Market Update July2020

Posted by Park Steele on 22nd July 2020 -

Industrial property continues to generate a real buzz with very strong demand from owner occupiers, investors and tenants. Freehold prices and rents continue to rise as demand outstrips supply.

While it would be naïve to expect a significant immediate retail recovery, the changing nature of the High Street is encouraging independent operators back on the scene, with growth in enquiries from this sector.

Office occupiers are reviewing their working practices; working from home has its advantages but there are team spirit, mental health and efficiency considerations. In office premises social distancing measures are expected for some time to come, which may result in an increased demand for office space.

The leisure sector continues to be very uncertain with businesses in ‘limbo’, awaiting further government guidance and monitoring public perception.