Category: Commercial Property


In the markets for commercial property, London is showing indications of heating up. There has been rumour of a new property bubble, rising out of the ashes of the last, with politicians and senior economists equally keen not to exaggerate the odds. The last boom deflated with the credit crunch, that saw values in areas of the capital drop by as much as 50 percent. The low interest rates and quantitative easing brought in to address this, as well as the weak pound, meant that investment has returned – and the time frame for new development meant that bottlenecks further increased demand. There has been great interest from outside the UK, with Asian investors looking for bargains here. A shop for sale in London can be a goldmine in the right hands – either for your own business or to rent out. Shops to let in North London have seen steadily rising rents in recent times. And although this might seem like a problem, it perversely gives rise to new opportunities for those prepared to move quickly.

The dynamic of ever-increasing rents has not met with complete approval. Although it is seen as a sign of a recovering economy, the reality on the ground can be quite different. Traders who have worked for years in the same street are seeing their rents rising beyond what they can afford, as the property market races ahead of the retail sector of the economy. The result: the price of their wares rises, and both shoppers and vendors move online looking for cheaper alternatives. Gaps are appearing once again as traders find it too costly to stay.

Some sectors are immune from these trends. An eatery or a coffee shop for sale in London has a better chance of making things work – you can’t purchase the coffee-drinking experience online. So some shops to rent in North London can buck the trend, whilst others will simply accept the higher prices and see their margins squeezed (or the difference passed on to customers). The thing to remember is that commercial property London is not a homogeneous picture: different sectors and areas act very differently. The news might be driven by the price of grade A office space in the Square Mile; the reality on the ground for retail is rather different. Opportunities still exist for buyers and sellers, landlords and tenants; it’s just a question of finding the right shop and timing.

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It has been said that commercial property london will keep on attracting investors for some time to come. This is welcome news for UK citizens and for businesses based here. It is also news that sounds good in terms of Britain’s hopes for an economic recovery, while the rest of Europe struggles somewhat. Obviously, many of us would hope that a boost to the financial health of Britain would also impact positively on the rest of Europe, especially those like Spain and Greece who could really do with our aid. If the UK were to really capitalise on the appeal of shop for sale in London at the moment, the country would do well to improve their relations with the rest of Europe at the same time. Shops to rent in north London, meanwhile, will allow for a country-internal boost as local traders who have so far only had market pitches or an online presence will be able to invest in an area they know and love.

The West End and the City have so far proven most capable of generating income in the commercial property sector. This is why north London needs people to invest in it. If we think to the Olympics – a time when disappointment reigned outside of the actual sports events as restaurants, hotels, cultural institutions and the retail sector reported a decrease in profits – it is clear that much remains to be done in terms of generating community feeling and a willingness to spend in London’s quieter high streets and shopping precincts. We could have had a more enjoyable and lucrative Olympics if more Londoners had headed out to their local restaurants, pubs and bars to watch the games rather than remaining in their homes watching our sports stars on their personal TV screens.

That said, if anyone watching TV at home happened to channel hop from the Olympics over to Mary Portas’ Queen of Shops, they would have learnt that commercial property london needs investment from more than just restaurateurs and barmen. Indeed, the idea of a shop for sale in London needs to be taken by entrepreneurs with ideas for products and material goods. Plenty of people would have predicted that online shopping would have overtaken the physical habit of going to the shops by now. But what these people ignored was that shopping is a social experience as well as an exercise in bargain hunting. This is also why it’s a good time for start-up shop keepers to opt for shops to rent in North London.

Please visit http://www.claridges-commercial.co.uk for further information about this topic.

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