East Midlands-based FHP Property Consultants looks at market activity in the A1 corridor:
Stock levels throughout the East Midlands for warehouse, production, and storage space still remains very low, and we have found that good quality buildings continue to be bought and let. FHP have achieved excellent success along the A1 corridor so far this year which we believe demonstrates a clear demand in this region, with a further 6 months remaining of the year to achieve even more success.
We are still receiving good amounts of enquiries for units down the A1 Corridor and in particular Newark, Lincoln and Grantham regions, therefore we would be delighted to talk about the market for both leasehold and freehold instructions with landlords and tenants alike. We believe there is currently a really positive message within the marketplace to either sell or let your property and that the economy is still strong regardless of what is going on within British politics.
2019 has been a successful year for FHP along the A1 corridor having already completed two successful lettings, over 70,000 sq ft in Worksop and 65,000 sq ft in Tuxford, totalling 135,000 sq ft at the halfway point of the year, with a further 5,200 sq ft having just been put under offer in Lincoln.
Although the A1 is not regarded as highly as the M1 corridor for industrial and distribution space, the location has performed well and it is exceptionally amenable, hence the success we have had, and we believe will continue to have.
Over the last few years stock available on the A1 Corridor in the East Midlands has been limited, however we are delighted to have recently been appointed to market several properties within this region including; Roseland Business Park, Balderton Business Park and Pioneer Way in Lincoln.