West commercial activity buoyant despite political uncertainties

Robert Smith, Bruton Knowles. Picture by Antony Thompson - Thousand Word Media

Commercial property activity in the South West has remained on an upward trajectory despite uncertainties over Brexit, the General Election and a shortage of suitable space on the ground.

That’s according to Robert Smith at Bruton Knowles, who commented in the latest RICS survey into commercial trends across the UK.

Gloucester-based commercial agency specialist Robert Smith said: “The report underlines the fact the market has remained remarkably resilient considering the long term uncertainties over Brexit and the more immediate concerns over the General Election.

“More particularly, it highlights businesses in Gloucestershire are facing a marked shortage of smaller speculative development.

He added: “Here in Gloucestershire, there is an ongoing lack of space for SMEs and startups looking to grow while at the other end of the market we are seeing widespread demand for big sheds – with very little new space coming forward.”