Nick Atkinson of HTA, recently spoke to NovaLoca about demand in the North East region of the UK, enquiries for start-ups and SME companies and his company’s busy year, even throughout lockdown:
“Some trends in the sectors where we have seen demand and deals, include
- PPE manufacture
- Parcel delivery
- E-retail fulfilment
- Food packaging
- Short term storage requirements, for example automotive parts where production has been halted
Viewings were briefly interrupted by lockdown, but not where enquiries were Covid related as above.
Also small enquiries for start-ups and SME companies are expanding. These often correlate with people having time off work so those off on furlough possibly considering new ventures?
The industrial sector is going from strength to strength. Unfortunately, this is partly to the detriment of retail and coronavirus appears to have exacerbated this trend. The Manufacturing sector has been up and down i.e. many manufacturers are either busier than ever in response to the pandemic, or they have ceased production until demand returns. Others have adapted their products/skills to meet demand for new markets.
BREXIT has had both positive and negative impact on demand, but overall detrimental due to uncertainty and the assumption of no deal/WTO tariffs. Demand for industrial investment properties remains very strong because of the relative strength of the occupational market compared to other sectors.”