Although general market commentary discusses the difficulties facing the commercial property market, there are certain sectors where demand is out stripping supply.
The Southampton industrial market has faired better than the other sectors, with stock levels remaining fairly constant which is having a positive effect on the size of tenant incentive required to secure a deal.
In particular, Goadsby have highlighted a specific lack of industrial premises available offered with outside yard space, and because of this, a number of requirements, both to purchase and lease such units are still unfulfilled.
An example of this pent up demand was displayed by the high number of viewings and offers Goadsby received for an industrial instruction which recently went under offer in Fareham. The unit was set within a plot of 0.75 acres, offering secure yard space in addition to the warehouse content. Several parties were left disappointed and remain in the market.
