Commenting on the latest survey, among other RICS chartered surveyors in East Anglia, are Martin Hughes and Ben Green who, respectively, are based in the Peterborough and Cambridge offices of Barker Storey Matthews - now part of Eddisons.
Martin Hughes said, “The fourth quarter of last year (2019) very much followed what happened in the previous quarter (Q3, 2019). Demand for industrial property – across the size ranges – remained positive for freehold and leasehold opportunities, leading to upward pressure on rents and capital values.
“By contrast, the office sector remained weak in the last quarter of 2019, with low levels of activity and downward pressure on rents and prices – particularly for secondary stock.”
Ben Green added, “The investment market continued to be buoyant, particularly in the industrial sector. Occupier interest was subdued in the quarter until mid-December when we began to see renewed confidence.”
For the full RICS survey, see bit.ly/2SewKrB.
Barker Storey Matthews, now part of Eddisons, are chartered surveyors operating in the Eastern Region with offices in Cambridge, Huntingdon, Peterborough and Bury St Edmunds.
Barker Storey Matthews has been identified by Estates Gazette as the most active regional property agency in the East of England for six years in succession (2013, 2014, 2015, 2016, 2017 & 2018) and as the most active agent in Cambridgeshire for the past eight years.
In 2019 it was awarded the accolade of the most active regional agent in the office, industrial, retail and investment sectors.