Fast start to 2016 leaves a shortage of stock

Office premises at Waterfall Lane Industrial Estate, Cradley Heath

Richard Bache of Wiggins Lockett Thompson’s Black Country office reports strong activity in the market:

“We have unsatisfied client requirements and enquiries, due mainly to the lack of suitable stock in the market. Property coming onto the market generates interest almost instantly and in most cases is not hanging around for long. We have offices in Stourbridge where we’ve put more than half of the building under offer, leaving only 1,200 sq ft of very well presented space available with extremely prominent position overlooking the ring-road and we have just started marketing a self-contained office building in Cradley Heath of 12,642 sq ft for sale. The property needs some updating and modernisation but we are already receiving a healthy level of enquiries.”

“All sectors of the commercial property market are the same, priced right and marketed correctly, we’re confident of disposing of our client’s properties in a timely fashion.”