property
Commercial property investment stagnation and a lack of supply may boost south Wales rent and freehold price hikes
Ten years on... an economic reflection
TO describe the state of the commercial property market throughout the UK in 2011 as being challenging is a typical British understatement. Lifeless would be another, argues Haydn Thomas of Hutchings & Thomas Chartered Surveyors.
T 40 THEbusiness QUARTER
he picture is fairly gloomily universal across the country with pockets of brightness in some major cities but across South Wales as whole the
sector has remained fairly subdued to say the least. Iconic Clarence House in the centre of
Newport has proved of interest to occupiers over the past 12 months with deals done. And property in the South Wales valleys, for example at Crown Business Park, near the important arterial Heads of the Valleys road,
has been of interest to both leaseholders and those looking for freehold space. Opportunities are most certainly there to
be had for investors and agents as long as they adopt a lateral approach to procuring tenants for existing, redeveloped and speculative opportunities. Meanwhile, as almost without exception
every agent will tell you, the current leasehold market is very much loaded in favour of the tenant.
Difficulties in the current market are that
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