QUICK DEAL POINTS TO A LACK OF STOCK ON PRIDE PARK

Office News

FHP Property Consultants are pleased to announce that they have completed a letting on Brunel Park, Pride Park to Health Management.  In a move that has seen the company double the amount of space they occupy on Pride Park and help facilitate their growth 41 Brunel Parkway totals approximately 3,077ft² within a self contained office building.

Health Management is the UK’s leading occupational healthcare provider.  They work with more than 400 public and private sector businesses to reduce workplace absence by helping their staff to be healthier, fitter and more productive.  They have over 40 offices via growth over the last 10 years and this Derby move shows the company is going from strength to strength within the East Midlands.

James Hartley of FHP property consultants commented:

“This letting goes a long way to show that the Pride Park office market is performing strongly at the moment.  The office was ‘under offer’ very quickly after putting it on the market.  In fact in the time that this office has been ‘under offer’ we have brought the adjoining building to the market and have terms out to someone already. The tenant only vacated a month ago.

There has become a real shortage of space on the park between 3,000ft² and 10,000ft² and this is where we are seeing the highest levels of demand.  Pride Park is where the main focus of the Derby business community is based with thriving business of all different sizes but the real issue at the moment is a lack of stock or at least a lack of quality stock.

Pride Park’s occupancy levels are at the best they have been for some time and this means that in well presented good quality offices we are going to see rent incentives reduce and rents increasing and it won’t take much of an increase in demand to see a real pressure placed on the available properties and for rents to start to noticeably improve.”