Commercial property sales in Devon are starting to look promising as we go into 2014, meaning that we may finally be see the most positive outlook going into a new year since the recession. Devon and indeed the South West has a lot to offer commercial businesses in terms of diversity and cost. The care sector in particular has always been resilient in the area and has shown the most robustness for both corporate and private operators when compared with the rest of the UK. The greatest advantage the South West has is that it is cheaper than London and the South East which is enticing commercial businesses to the area. Add to that the lower staff costs, there is even greater incentive to look at commercial property sales in Devon.
Investment And Development Increases In The South West
Investment and development is already being seen in Bristol and is predicted to continue increasing along the prime business locations of the main access motorway routes to the South West. This will bring increased demand down to Exeter and beyond.
A long period of decline and stagnation in investment and lending occurred when the recession hit, having the most profound effect on A1, A2 and B1 commercial properties. Lack of finance and low demand meant little development Authentic Odell Beckham Jr Jersey , but there is much to look forward to for business and property owners as commercial property sales in Devon will see a boost resulting from the increased lending to small and medium businesses.
Rental Market Opportunities
A reduction in stock has been noted and some A class premises are being converted to meet the demand for residential accommodation. However, interest in refurbishing existing stock, largely from corporate operators, has created opportunities. This in turn appears to be impacting upon the rental market where price increases could occur as a result of the lack of stock. There are positive opportunities for tenants though as now would be a good time to negotiate fixed rate terms for the next three to five years, as deals are unlikely to be as appealing in 12 to 16 months time.
Looking Forward For 2014
Now would also be a good time to purchase a freehold interest as prices are likely to steadily increase with the growing confidence in the investment market. With lending receiving a boost towards the last quarter of 2013 Lawrence Taylor Jersey , funding is more possible to make these purchases.
It is wise to get professional advice regarding commercial property sales in Devon and it is recommended you speak to an expert commercial property agent with specialist knowledge of various business sectors as well as knowledge and experience of the specific locations in which you are interested.
For an example of a trusted independent commercial property agency with expertise in commercial property sales in Devon, visit Charles Darrow’s website. Their agents have specialist knowledge and experience of commercial property sales in the South West.
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Prevention of Fat Gain
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