Industrial Market Update
Monday 31 October 2022
Flude Property Consultants are delighted to share with you the most recent industrial market update prepared by our dedicated industrial agents; Will Thomas, Mark Minchell and Sebastian Martin.
The demand for industrial accommodation within the Brighton and Hove area continues to outstrip supply. Further afield, enquires for available space remain good, but with limited availability. However, there may be more spaces coming up outside the city in the next few months.
In West Sussex, a lack of available buildings is hampering the ability for occupiers to move especially at the upper end of the requirement spectrum of circa 20,000 sq ft or more. In addition we have also seen no reduction in the desire for occupiers to buy freehold units but the majority of new build schemes tend to be available to lease only. Take-up of these schemes for lease are also performing well.
In Portsmouth, the market continues to remain robust despite the continued uncertainly around the cost of living crisis and rising inflation. There is still a lack of available accommodation for businesses who are looking, however, we have seen serious enquiries reduce recently. This means we could see rents stabilised over the coming quarter following significant increases over the last few years.
Click on the link below to view our market update flyer.
