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Industrial space and ‘healthy high streets’ set to lead property market in 2018

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Occupier demand for industrial, warehousing and distribution space has remained relatively strong in 2017 and is expected to be maintained in 2018, according to agents Barker Storey Matthews.

In Bury St Edmunds, the agent has seen a squeeze on availability of mid-sized industrial units and its Peterborough and Huntingdon offices have seen a return to speculative building. In retail, ‘healthy’ high streets have started to evolve led by the food and beverage sector. Traditional retail pitches around Peterborough’s Cathedral Square are attracting restaurant and café occupiers and in Cambridge, a ‘foodie’ boom has fanned out from the centre to areas around Burleigh Street and Fitzroy Street.

In the region’s office market, the agent is finding that the occupational market has begun to slow, possibly due to a lack of clarity on Brexit although in Cambridge there are questions over the available stock to meet demand, particularly for larger premises, which may mean speculative building opportunities. Steve Hawkins, managing director Barker Storey Matthews, said: “The spotlight has been on sheds and shops this year in response to our changing lifestyles which are, increasingly, steered by technology. It is hard to see how this will change in the coming year unless household expenditure is severely curtailed.”

Last Updated ( Wednesday, 20 December 2017 09:21 )