Lawson Commercial report a terrific start to 2014 having let and sold significantly more commercial property in the first 5 months of this year than for the same period in the last 4 or 5 years. Business confidence is certainly strong and shows a huge improvement over the last few years. The result of this has been that many of the buildings which were available, some of which have been on the market for a while, have now found occupiers and we are actually rather short of premises to offer in the marketplace.
The industrial sector has been leading the way and there is now a shortage across all size categories in Uckfield and Crowborough particularly in the medium sized categories of 1,500 – 3,000 sq ft. The office market has also shown significant improvement with many of the small suites finding occupiers as first time businesses have re-entered the marketplace. There are also quite a number of people looking for freehold offices. There is simply nothing much available currently to satisfy that demand. The retail sector, despite the impact of the internet, remains strong with Lawson Commercial having let 5 shops in Uckfield High Street recently with a further one under offer and 4 shops in Heathfield with 2 more under offer.
What we need is more properties to market so if anyone is thinking of moving, or if you are a landlord looking for tenants we would welcome hearing from you. The good news for landlords is that, with this improved demand and a lack of supply we could start to see some genuine improvement in rental values, something that has not been seen for the last 5 years.