Market Analysis – Bucking the downturn
The market picks up pace. During the last couple of months there has been a vigorous upturn in enquiries. This is a distinct change from the rather anaemic market over the winter, which was held back by weak growth prospects and of course compounded by the weather.
The south east seems ever able to buck the economic downturn, although vacancy rates released for the UK show an increase in void property. The figures released by The Local Data Company show vacancies rose for the first time this year, from 14.4% in March to 14.6% in April. The figures are compiled from random towns across the UK and only include shops. Sunderland showed a worrying 21% void rate.
These figures show that across the UK as a whole, the economic recovery looks slow in momentum. With the retail sector taking a hard hit from lack of consumer confidence, as well as there being few expansion plans or new business enquiries in the market.
In the south east the increase in enquiries has seen ‘Heads of Terms’ agreed on a range of premises, in a competitive market our strategy of offering grade A accommodation and a easy approachable way to conducting a deal are paying dividend.