SIZE ISN’T EVERYTHING – 14 DEALS COMPLETED DURING LOCKDOWN OF UNDER 5,500ft²

News

The commercial property market has undoubtedly been impacted by COVID-19 with a lot of businesses putting property requirements on hold or pulling out of deals

Despite these testing times, at FHP Property Consultants, we have experienced an influx of deals in the sub 5,500ft² industrial and warehousing sector.  It is quite remarkable to have achieved 14 completed deals in this size range with a further 15 deals under offer and currently with solicitors (all since April 2020).

Why this demand is being received?
We are experiencing new businesses being created and taking the opportunity of either furlough or redundancy as an opportunity to start afresh.

Others are coming from backgrounds such as e-commerce, logistics, food and wholesale, as well as certain sectors of manufacturing which have seen an increase due to the results of COVID-19.

Other cases are using the quieter lockdown period to manage property size and also increase efficiency by moving to better buildings.