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Brisk demand for factory-warehouses in West Midlands31st January 2014

Brisk demand for factory-warehouses in West MidlandsDemand for factory-warehouses in the West Midlands is strong according to commercial property agents John Truslove who have arranged a succession of occupiers in the same road in Bromsgrove.

“We've let three warehouses totalling over 14,000 sq ft on Buntsford Park Road in rapid succession, with a further 16,000 sq ft currently in legals,” said partner Ben Truslove.

“We just can't get the instructions quick enough. Indeed the big problem is now a lack of available stock. There are very few industrial warehouse buildings available for sale in Redditch or Bromsgrove and many of the established estates are almost fully let. This is a result of a lack of speculative development in the past ten years.”

One of the lettings was to Jade Sheds who have moved to Unit 1, Phase 3 Buntsford Park Road. Jeremy Grimshaw, owner and founder of the ten-year-old business, said they needed room for expansion due to increased demand: “We had outgrown our previous premises and it was time to move.”

Mr Truslove said: “Jade Sheds are typical of the sort of owner-managed businesses, which see the potential for growth now that the recovery is well under way. It has been an extremely busy start to the New Year and bodes well for both ourselves and the wider Redditch/Bromsgrove economy.

“Jade Sheds are creating jobs as are many other small and medium sized firms – it is very encouraging.”

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