Mitchell Brooks, Head of Agency for Kempton Carr Croft, provides his market commentary and shares some of the commercial sales and commercial lettings completed by Kempton Carr Croft for this period.
The M40 / M4 corridor office market has improved with a small increase in enquiry levels seen however take up remains low. Industrial property continues to remain in strong demand and a surprise in recent months has been an increase in retail property interest. Rents for industrial premises continue to increase due to supply and demand.
The 10,000 sq ft + office market has seen a small increase in enquiry levels but as this kind of space is typically taken by international firms with a European trading arm, many of these firms are reluctant to take on additional overheads without knowing the tax implications after Brexit, and the market is feeling the effect. We’re cautiously optimistic that the office market will continue to catch up again once more certainty around Brexit exists, and as long as landlord and tenant expectations are managed accordingly, there are still deals to be done.
Our commercial agency team is starting to see the impact of last year’s changes to EPC regulations, primarily in the Industrial sector. Rental property with an energy performance certificate rating of E or G cannot be marketed and landlords are advised to complete upgrade works to bring the property to a lettable rating. Landlords can view our article here for an overview of the changes & how to ensure your property is compliant.
My team are always happy to advise on any specific concerns or questions you may in relation to rents, availability and commercial stock in the region. Please get in touch using our contact form.
Mitchell Brooks. Head of Agency.
Commercial sales and lettings Dec 18 – Feb 19
Click to view the deals our team have completed. PDF.
Get in touch
The agency team at Kempton Carr Croft specialise in the disposal and acquisition of commercial property. With over 100 combined years in the industry between them, what they don’t know about leases, availability and new instructions in the markets we operate in, isn’t worth knowing.
With agents experienced in land sales, complex residential and commercial developments, office, industrial , mixed use and retail sites, the team bring a reliable, accredited and pro-active approach to commercial sales, lettings, acquisitions and negotiations.
Contact the team for assistance in marketing commercial buildings and investments for sale or let and commercial property market advice. To view any of the units we are currently marketing email [email protected] or call 01628 771221 – [opt 1]
Kempton Carr Croft’s agents are active across the Thames Valley region with instructions in; High Wycombe, Marlow, Reading, Staines, Gerrards Cross, Bourne End, Beaconsfield, Princes Risborough, Taplow and Maidenhead.
Want to hear more?
If you found this article interesting and would like to receive more posts like this directly to your inbox, subscribe to receive our news and team updates or follow us on twitter @KemptonCarr and like us on facebook to see them first.