Regional insights for office and industrial markets
We are delighted to publish our Commercial Property Market Report for 2018/2019. The report identifies key trends in the Worcestershire market – both office and industrial – and dives deep into the regional sub-markets of Bromsgrove, Malvern Hills, Redditch, Worcester, Wychavon and Wyre Forest for in-depth insight into each area.
The report looks back at 2018 and draws out insights into the 2019 market and beyond, providing a valuable resource for anyone interested in commercial property in Worcestershire.
Worcestershire Market 2018/2019:
Top 5 Take-aways
- Occupiers capitalise on Worcestershire’s central location
- Take-up highlights the need for more commercial space.
- Rental growth across all sectors shows demand.
- Vacancy rates at a 5 year low.
- More growth and inward investment predicted in 2019.
As we move into 2019, Worcestershire remains a popular location for occupiers across the business spectrum, offering opportunities for all. Being central within the country and benefiting from first class infrastructure has been reflected in the 2018 take-up figures, which has driven vacancy rates to a five year low and resulted in growth across all sectors. More growth is predicted for 2019 as Worcestershire continues to be a great place to live, work, invest, visit and do business.
We at GJS Dillon are proud to be active within what is a vibrant and dynamic Business Community. Please contact our team of experts for further information.