Goadsby: Hampshire remains robust with strong levels of demand and take up across most sectors.
Allan Pickering Divisional Director/Head of Hampshire Commercial Agency & Investments for Goadsby:
“Hampshire has remained robust in the course of the last 12 months and as we now enter a period of increased optimism, we are confident in a commercial market that will improve and strengthen in the next few years.
We have seen strong levels of demand and take up across most sectors. Retail on the high street has seen rents increasing with increased optimism and activity in more resilient affluent locations, such as Winchester. We have seen larger high street brands take space such as Wenzels taking over former HSBC bank and Nandos and Five Guys to open in the former Debenhams unit leading to nearly complete occupancy on the High Street. Secondary retail across Hampshire has also performed well with uptake continuing with new and expanding businesses.
We have seen an increase in demand for high quality office space with more consideration being given to energy efficiency credentials to satisfy company’s corporate objectives. Whilst the office market has been difficult, the need for quality, high spec space continues and more options coming to market for Cat A + space providing more ‘plug-n-play’ options for tenants.
There has been limited quality investment stock as yields have been challenging to scrutinise set against variable interest rates, but continued demand with cash buyers in the market. As we have launched investments recently, we have seen in some cases an increased consideration for location and potential rental growth, over covenant strength. It is a more challenging market for industrial investments but good demand for leisure and retail in the right locations continues.
Goadsby are unique in our combination of commercial and land departments meaning we are well placed to act on commercial development sites such as care homes and redundant office buildings with potential for redevelopment. In recent months we have seen an increase in former rest homes coming available. We have just launched to market a substantial former care home site of 1.23 acres on Park Road in Winchester quoting £2.5m and have been inundated with early enquiries, similar to our sites in Otterbourne and Southampton, where we have seen recent successful disposals.
Goadsby are independent commercial company with office in Hampshire and Dorset. Specialists on the South coast we pride ourselves on our level of service, and professionalism, to advise clients across all sectors from sales and letting to acquisitions and ongoing portfolio management. If you require confidential advice contact Allan Pickering allan.pickering@goadbsy.com 01962 869667.
You can see all of the commercial property listed by Goadsby on NovaLoca here.
