The recent article in Bradford’s Telegraph and Argus will come as no surprise to commercial agents and developers here.
Property agents in West Yorkshire continue to comment on the lack of industrial property stock on their listings. Bradford has also experienced a lack of supply of development sites for new industrial estates, a situation going on for many years.
There was positive news recently about a new development at the former West Bowling Golf Club site off Rooley Lane which, when built, will address some of the under-supply of industrial property in the local area.
Meanwhile, the Baildon Business Park (which consists mainly of factory units, despite its name) has proven quite popular, in spite of its distance from the Motorway. The huge advantage this development has is that it lies close to the affluent suburbs of Baildon and Guiseley, Menston and Burley, resulting in civilised commute times for key staff.
At Andrew Idle Associates we are delighted to have received three new industrial letting / sale instructions in the past few weeks, with industrial units ranging from around 5,000 to 25,000 sq. ft. On the back of this, we have also received new enquiries from other site owners seeking our input on their vacant units.
Perhaps the latest news, that house building targets for the coming decades in the Bradford District have been grossly exaggerated by the agency appointed by the Government to report on this, will mean more land being freed up for industrial development. The figures were out by a margin of one third, around 1650 homes per year rather than around 2,500. Presumably, there were flaws in the methodology used.