The East Midlands One Million sq ft of Modern Commercial Space


to be Developed in Chesterfield by 2025 You may have heard of the town’s iconic Crooked Spire, but Chesterfield is a place that offers much more! The town is an established destination for businesses, with fantastic connections via road, rail, and air. It offers a great lifestyle for its residents and is home to a growing visitor economy - sat on the doorstep of the Peak District National Park.


Data shared in Chesterfield’s growth strategy reveal that the town’s business population has grown by more than a fifth (21 per cent) in the last decade and created 2,000 new jobs,


including 1,800 high-


value roles in sectors such as advanced manufacturing and professional services. Chesterfield aims to attract a further 400 businesses and 2,000 more jobs to the town by 2030.


Chesterfield Borough Council is supporting, through direct investment and public- private partnerships, a series of projects to provide high-quality commercial space. It has helped bring to market almost 300,000 square feet of modern office, industrial, manufacturing and logistics space since the start of 2022, and expects further new premises totalling more than one million square feet to become available by the middle of 2025.


BB&J Commercial


BB&J Commercial have seen a real resilience in the commercial property market over the last 12 months despite the ongoing challenges posed globally. With a renewed sense of optimism shown now that the economy has started to rebound, we have noticed investors and businesses


have displayed


a renewed sense of confidence, driven by an increased demand for e-commerce resulting in an increased need for industrial and distribution opportunities. We have also seen a huge push within the residential redevelopment/development sector across the Derbyshire, with office to residential conversions within city/town centre locations being a major standout due to the rise of flexi-office hours, reducing the demand for office accommodation.


As a leading Derbyshire commercial agent, BB&J Commercial takes immense pride in our recent successes across a wide range of sectors helping our clients achieve a desirable outcome. One of these successes includes the sale of Unit 1, Pye Bridge Industrial Estate, where BB&J facilitated the acquisition of a modern mixed-use industrial investment for a purchase price of £2,000,000. Located within 2 miles to the south of the A38 & within 4 miles of the M1 motorway, the strategic location along with our knowledge of the freehold industrial market contributed to securing an excellent deal.


52


Our commitment to our clients also extends to our ongoing projects, where we are actively engaged in a number of projects such as: -


52 Ashbourne Road, potential


residential investment opportunity within development


the growing


Derby, DE22 3AD, a within


area of the University of Derby, which following on the back of recent sales of development opportunities, we went to a round of best and final bids to achieve the maximum price for our clients.


The Old Gas House, Darley Abbey Mills, DE22 1DZ, a unique single-storey office building within the popular Darley Mills World Heritage Site, a location highly sought after providing a wide range of office and business space with excellent arterial routes in and out of Derby city centre.


Looking ahead, we envisage the market presents a


number of residential promising conversions opportunities and for


investors and businesses alike with a big demand for sustainable residential developments, adaptive reuse projects such as commerce to


industrial/ distribution opportunities likely to continue.


At BB&J Commercial, we remain committed to our clients in delivering expert advice and services and remain poised to seize future opportunities, harnessing market trends and local knowledge to great effect.


Key commercial developments in the town include:


•Prospect Park - Close to the A61 with great connectivity to Sheffield and the M1, the site will provide new high-quality offices, alongside plots for warehousing and distribution.


•Hartington Industrial Estate – A new industrial and warehouse development with great access to the M1 motorway at J29a.


•Elder Way - A premium development in the heart of Chesterfield, set in an iconic building that offers street-level leisure, retail, dining and drinking spaces.


•The HQ – A centrally located office development in Chesterfield, which has recently undergone a £1.3 million transformation into a modern, Grade A space totalling 44,000 sq ft.


Named by enjoytravel.com as the 2nd best town in the UK to raise a family, Chesterfield has also earmarked several prime locations for residential development - as part of plans to build more than 4,000 new homes by 2035. The number of new homes built in the town has exceeded targets in the last three years, and data from Home.co.uk shows that residential properties in Chesterfield sell faster, on average than in Sheffield, Nottingham and Derby.


Connect Derby


Connect Derby remains the city’s leading managed workspace provider and continues to innovate as it helps businesses face the new challenges presented by the evolving nature of the world of work.


Connect Derby offers the most diverse selection of flex office space in the city, with five different locations, including its purpose- built Friar Gate Studios headquarters and Sadler Bridge Studios, alongside Kings Chambers, Riverside Chambers, and the iconic grade II listed Marble Hall.


Connect Derby’s flex office and studio spaces are designed to innovate and transform workspaces, whether you’re an established business, an SMEs, sole trader, entrepreneur, or microbusiness.


We know that every business journey is unique, which is why we offer a range of flexible terms. From short-term arrangements to longer term leases, our goal is to help you find a workspace solution that perfectly aligns with your business goals.


We have introduced a number of innovative packages to support businesses as they rethink their accommodation strategies and decide whether to give up their permanent office space in favour of a mix of remote and office working.


Our fully furnished offices provide flexibility for businesses looking for a home without the additional expenditure and effort of having to furnish it themselves. They have been thoughtfully curated to provide the ideal environment to thrive professionally.


A new hybrid office scheme has recently been launched at Friar Gate Studios and Sadler Bridge Studios Derby for businesses who want to ease their way back into the workplace after working from home or new start-ups who are looking for a base for their business without the additional expenditure.


Hybrid offices are aimed at businesses looking for quality office accommodation for up to three days every week. They provide flexibility, reduce costs, and give businesses greater opportunities for collaboration and networking.


Our most recent innovation is Pay As You Go offices, for businesses who want a professional office space without committing to a full-time office rental. The flexible office day packages are available for up to four people from 9.00am- 5.00pm for one weekday.


Virtual office and co-working facilities are also available at Connect Derby. All Connect Derby tenants enjoy superfast broadband, meeting rooms equipped with AV equipment, and 24/7 access.


Most workspace boast their own on-site cafés, with the Bean Caffé at Friar Gate Studios, RASK at Sadler Bridge Studios, Dreams Bistro at Riverside Chambers and Claude’s Café at Marble Hall.


COMMERCIAL PROPERTY MONTHLY 2023


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