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Continuing to generate opportunities

AS the mid-point of the year approaches, current market activity is under scrutiny. Within the Northampton office market, Lambert Smith Hampton has seen that there is still a taste for town centre properties, with particular emphasis on attached secure parking.

The pipeline for new office units remains static which has supported current rents for available stock. Whilst letting transactions have slowed since March, interest is still being shown by occupiers for quality space. With this in mind, the serviced office market continues to attractive for smaller, independent companies and individual traders looking for flexible lease terms. Lambert Smith Hampton are collaborating with Regus to promote their available and flexible office spaces in Northampton and would be pleased to help find the right office space for you.

Alternatively, the market for freehold office space shows sustained enquiries for either investment opportunities or alternative uses. LSH are currently advising a number of landlords seeking to bring office units to the market, located in and out of town.

The industrial market, in comparison, remains very competitive within the sub 5,000 square foot sector. Interest continues a pace for industrial units of circa 1,000 square feet, often achieving asking rents or higher with some incentives for tenants. Unit 6, Millbrook Close with the St James Mill Industrial Estate has just come to market and is available for immediate occupation after its refurbishment.

Northampton remains a high performing market within the wider industrial sector and continues to bring interesting properties to market. LSH have recently been instructed to market Units 1 and 3 the Scorpion Centre, Northampton in conjunction with Hadlands. The units (9,786 square feet and 7,632 square feet respectively) have generated considerable interest from strong covenants, with a unit already under offer.

For more information contact Tim Bell at Lambert Smith Hampton or search properties through the LSH website www.lsh.co.uk

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