Industrial property market seems stronger than pre covid

Industrial Market: Possibly Stronger Than Pre-Covid

Here at PSS, we have seen an unprecedented demand for industrial property. Since our “return“ to working from the office rather than from home, we have seen a dramatic increase in the number of enquiries for properties in the industrial sector of all sizes.  At first glance this could be easily explained by the increase in the number of online businesses that have started or expanded during lockdown.

 

High Demand Industrial Property

Although if we look deeper at the actual companies looking they do not all fit within this category, we have applicants in the car industry looking for 2000 to 10,000 sq ft units, a religious abattoir looking for 25,000sq ft on a site of one acre. To name but a few, we always have strong numbers of applicants looking for industrial units of all sizes and locations from very specific estates in North London through to the whole of the South East of England.

 

Going.. Going.. GONE!

Recent sales and lettings of industrial space in the North London area, include Unit A 14-18b Commercial Road where we achieved £17.50 per sq ft. This was let to Blended 710 to help them expand on their production body creams and oils.

 

We have 3 or 4 other good commercial applicants who would have taken this space. A recent sale of note was Markays House, Gordon Road, Essex for £2M, where the unit was sold to a building company looking to expand who has outgrown their commercial property in East London, again in this situation we had 3 or 4 other good vetted purchasers who were looking to purchase Industrial units in the North London and South Hertfordshire region.

 

OPEN TO OFFERS

Unit B 14-18 Commercial Road

This industrial estate is perfectly located not only for its access to the local area but also for those looking to transport goods further afield with great access onto the A406 and in turn the M11, M25, and the UK Motorway network. The units could be let as a whole or individually they would suit various uses and lease terms could be flexible to suit.

If you have a commercial property to rent or sell and are looking for competent, knowledgeable advice on the best way to bring it to the market please do not hesitate in contacting the PSS team on 020 8800 4321

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