In a recent industry analysis, the North West of England has solidified its position as the premier hotspot for commercial property in the country. The analysis, which examined the current availability of commercial properties across various sectors, has shed light on the region’s impressive dominance in the market. With 16.6% of the 9,000 units for sale across England situated in the North West, it has outpaced other regions significantly.
The thriving North West is becoming an epicentre for commercial property ventures, a trend that defies the challenges that other parts of the commercial sector are grappling with. Kimberley Gates, the head of corporate partnerships at Sirius Property Finance, underlined the abundance of opportunities within the current market. She stated, “Depending on what type of investment you want to make will influence where you need to look, but the North West looks like a really good investment location with every base, [from] shopfronts to warehouses, covered.”
The commercial fervour extends across multiple sectors. When considering office space, the data reveals London as the leader, housing the most available offices at 21.1%. However, the North West is not far behind, with Manchester, Liverpool, and Salford emerging as alternative hubs that are attracting businesses away from traditional London bases due to their more affordable markets.
In retail space, the North West claims the lead with 17.4% of the stock, while the South West and London follow closely with 15.7% and 13.4%, respectively. Similarly, the North West holds its ground in the leisure and hospitality sector, accounting for 18.5% of the stock, only surpassed by the South West at 22.4%.
The North West’s appeal stretches to industrial and warehouse space, securing 15.4% of the nation’s hotspot position. This trend highlights the region’s versatility as a fertile ground for various commercial endeavours. Gates further elaborated on the North West’s allure, “Cities such as Manchester, Liverpool, and Salford are syphoning an awful lot of organisations and businesses away from their traditional London bases due to having more affordable markets.” This shift signifies a shift in the nation’s commercial landscape, with the North West carving its niche as a dynamic commercial property destination.
AFIG’s Contribution to the North West’s Commercial Finance Landscape
At AFIG, we recognise the North West’s burgeoning potential in the commercial property arena. Our commitment to understanding the market dynamics and catering to the unique needs of our clients aligns perfectly with the region’s commercial finance trends. As a distinguished property finance broker, we are dedicated to supporting your ventures in this dynamic market.
With over a billion pounds of property debt deployed and 3,000 homes created across the UK, our commitment to service has garnered us recognition from both customers and peers, with over 15 industry awards to our name. Embrace the commercial potential of the North West with Adapt Finance AFIG by your side. Get your no-obligation quote today.