Commercial Property at a high price

Commercial Property at a high price

 

Tamworth commands the highest price per square foot for industrial and office property in Bedfordshire according to a new report.

Inward investment agency InStaffs latest Property Market Trends (PMT) report, which analysed commercial property activity in Luton and Bedfordshire from last October to the end of March this year, suggested commercial property enquiries are remaining robust despite the economic climate.

The premium nature of industrial property in Tamworth means it now commands the highest price per sq ft (£5.34) anywhere in Bedfordshire. Tamworth also boasts the highest office values in the area at £12.19 per sq ft.

The agency said that while it had more than 1,200 properties on its availability database – the highest in its history – interest in smaller industrial units was still around normal levels. However, interest in large commercial units and distribution hubs remains largely flat.

The Lichfield Road industrial estate in Tamworth proved a popular site with would-be investors as did Kingsbury Link, the Tame Valley business centre and Calico business park.