With many conflicting reports on the strength of the UK economy, it is often difficult to really understand what is really going on. If you are looking to invest in a commercial property it is crucial that you are clear about the prospects for your investment and the opportunities available to you.
After a recent report from global investment management company Schroders on the commercial property market in 2014, they suggest there may well be investment opportunities out there.
The commercial property market has clearly been seen in 2013 and this growth has meant there is an increase in tenant demand. As always there are large comparisons in performance of the market depending upon the size, type and location of the property concerned.
Particularly in London, they have seen a recovery in office and industrial space now for a number of years. However, some other major cities have not experienced the same recovery with rentals staying flat. As we all are probably aware retail property has also been affected with the increase of online shopping and retail parks meaning that local high streets are becoming less and less popular.
So what can you look for in a commercial property investment in 2014? Schroders’ Head of Property, Duncan Owen, thinks there are a number of good opportunities out there this year with an eye to the future. He said “the rapid growth of elderly people in the UK is increasing demand for extra care and nursing homes. We still believe that nursing homes can provide attractive returns”. He went on to say the “growth of online retail is changing the logistics industry and demand for warehouses is increasing”.
Whatever your plan is in 2014 for commercial property, we want to help you on your way. With expert commercial property solicitors we can talk you through each stage pitfalls and have been doing so for many commercial clients again in 2013. (Checkout some of latest client testimonials for small and large developments)
For more information about this article or any aspect of our commercial property legal services, please call us on 01772 424999 or fill in the form below (there is no charge for initial telephone discussions).
