The August economic bulletin by Insight with its commentary on the commercial property market broadly reflects what is occurring locally.
Demand for well-located and well-specified freehold industrials continues unabated, but enquiries for larger category retail or office premises in and around the Bradford District remain very patchy.
The new weak Minority Government coupled with the drawn-out and complex Brexit negotiations are likely to weigh on investors’ minds for some while yet; whilst the important service sector of the UK economy seems to be running out of steam. Consumer spending is declining and the construction sector has seen a steady reduction in output this past year or so.
But it is important not to over-generalise. There will always be bright spots on a cloudy horizon.
Andrew Idle Associates continue to experience a good level of enquiries for many of the varied range of Commercial Premises that we market on behalf of clients. If you, as an owner or investor, are thinking of selling or letting out vacant space to unlock additional rental income, by all means, get in touch with us.