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JP Dillon Worcestershire industrial market comment15th July 2012

John Dillon

Worcestershire’s industrial manufacturing and warehousing sector is very active, while the office sector continues to recover, according to John Dillon, managing director of Bromsgrove-based JP Dillon Commercial Property Consultants.

“There is a significant demand for good quality industrial units of between 10,000 sq ft and 20,000 sq ft across the county, as manufacturers look to either expand or relocate to Worcestershire. This demand is driven by the excellent communications provided by the M5, M42 and A38, the flexible workforce, the positive attitude of the county and district councils, and the fact that the county is a very pleasant place to live and work.

“The county’s office market continues to recover from its low point in Q3 of 2011, when deals for only 16,412 sq ft were completed.

“An oversupply of office space means that rents and freehold prices remain competitive, offering good opportunities for new occupiers. However, demand remains significant and deals are continuing for high quality space at key locations in the county, especially at premium office parks in Bromsgrove and Worcester."

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