South Leicestershire commercial property market is looking good for 2015

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News article

South Leicestershire commercial property market looks good for 2015

March 2015

South Leicestershire commercial market

The commercial property market in south Leicestershire has seen an increase in applicants looking to expand their business. This is good news for the area as it shows businesses are growing successfully and need more space. 

According to research conducted by Jason Hercock, a commercial surveyor in Fisher German’s Market Harborough office, 75% of his applicants in the south Leicestershire area are looking to expand compared to an overall Fisher German wide figure of 28%. 

Jason says “this is great news for the region. A rising number of businesses are targeting expansion in 2015. I have also seen a promising number of applicants looking to start a new business or relocate to the area.

“In the commercial sector generally, I am finding high demand for 5,000 to 10,000 square feet properties but a shortage of space both in industrial and office space. 

“Office space such as The Innovation Centre on the outskirts of Market Harborough has been a huge success. Ideal for new business start ups looking for serviced office accommodation, they jumped at the chance to locate here. But many new businesses are now starting to expand and outgrow their “start up” space. If where they are currently is full to capacity, they need to move on to new premises.

“Airfield farm is worthy of consideration, as is The Point off Rockingham Road, for which outline planning permission has just been approved for additional car parking spaces either side of the access way.  Both of these locations would be a great option for those who do not wish to move to far afield”.

Jason concludes ”I am seeing a renewed enthusiasm from applicants looking for new premises and this is good news for a commercial surveyor as I can help find the right properties for the right applicants.”       

For further information on commercial property, contact Jason Hercock on 01858 411247 email jason.hercock@fishergerman.co.uk

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