Partner Article

Improving sentiment in the industrial market

There is improved sentiment in the industrial market and much more optimism about business prospects say Knight Frank.

Recently Tripak, the Felling-based specialist tape and packaging supplier bought the 23,800 sq ft units 11 and 12 at Crowther Industrial Estate, Washington for an undisclosed sum,

Mark Proudlock, partner, industrial agency, Knight Frank, who sold the property on behalf of Alpha Antler, says the deal illustrates improving sentiment in the region’s industrial sector.

“Demand is on the increase for properties available on a freehold basis and there has been on-going interest in the property from a number of companies,” says Proudlock.

“There is definitely improved sentiment in the market and much more optimism about.”

On the same estate Knight Frank has recently commenced marketing another unit for sale, a detached unit of 12,000 sq ft with warehouse space, offices and secure yard, the latter being rare in the current market. They anticipate strong demand for the property.

“There are few units available on the market on a sale basis with the majority of landlords preferring to hold an let their stock on a rental basis. As such it is not surprising that those units which can be purchased tend to attract high levels of interest,” explains Proudlock.

This was posted in Bdaily's Members' News section by Knight Frank .