State of the Market

People regularly ask me how things are.

Is property moving, is it selling or letting?

The answer very much depends on what day or week I am asked because there seems to be no real pattern.

In fact the general trend is that commercial and industrial property, which is what I deal with mostly, is moving albeit slowly and at reduced rents and prices.

Most landlords and owners are anxious to secure agreement and are becoming increasingly flexible about what they will accept.

On the other hand there are still lots of people looking for premises who simply never make a decision. This is the most frustrating part of the job at present but I suppose it goes with the territory.

The good news is that I have achieved a few lettings and sales completions over the past couple of months. Admittedly some of them were agreed in the summer and they have taken a long time to come to fruition but that is far better than no completions.

It would be nice to think that the next six weeks or so are going to be active and fruitful because inevitably business will go quiet again by mid December as the pre-Christmas party frenzy starts.

By the way, my office address has changed to 1 Rosemead, Ingbirchworth, Penistone, Sheffield, S36 7GQ.

For the time being the phone numbers are the same as always but they will change in early December.

Chris