Commercial property London does not follow the same rules as elsewhere in Britain. In the UK, property prices are roughly flat. In the six months between November 2011 and May 2012, prices saw an average drop across the board of 1.1 percent – the market contracting every month. But, of course, these averages are blunt instruments and obscure vast regional variation. The capital has experienced slightly brighter fortunes, partly due to the bottleneck in supply. However, even London itself is complex, with Central London revealing a very different picture to Greater London and the rest of the country. Office space, retail and industrial property in the centre have remained strong – at least, far stronger than elsewhere in the UK. Look for a shop for sale in London and you could find a very mixed bunch. The rental market has experienced some turmoil as a result, with shorter leases enjoyed by occupiers but long-term buyers and tenants rewarded for their foresight. Those looking for shops to let in north London or industrial space on the outskirts can find some good deals, since landlords are themselves under pressure.
In other words, this isn’t a bad time to be looking for new places in London. There is plenty of choice on the market, which is increasingly separating into two extremes. In some areas it’s a buyers’ market, meaning that there are some real bargains to be picked up. Anyone with some extra cash on the balance sheet might consider whether now is a good time to invest, since the long-term investor is likely to pick up a good deal. (It was this fact that propped up the floundering London office space market in the wake of the crash back in 2008, when prices crashed 50 percent in some areas and sectors, only to rebound when a wave of foreign money flooded in.) When the market recovers – which it inevitably will, even if a convincing economic recovery is still elusive at present – they will be vindicated. This is a time to be laying down strong foundations for the future of your business.
shops to rent in north london present a different set of opportunities to prime office space in the City or industrial space on the fringes. Each of these offer possibilities for those in the right position, whether it’s a long-term let or a short-term stop gap while you wait for a better place. Commercial property London is in flux and it’s a mixed picture. A shop for sale in London, an office to rent in the Square Mile… do your research and make sure that now is the right time for your circumstances.
Please visit http://www.claridges-commercial.co.uk for further information about this topic.
http://www.claridges-commercial.co.uk
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