Pearl & Coutts: Still Offices To Rent Despite Coming Regional Squeeze

London based commercial property company Pearl & Coutts believe that demand for office space to let across the UK is likely to rise in the near future. In many areas demand is soon expected to outstrip supply. End Quote

(1888PressRelease) May 14, 2013 - Many towns and cities outside London are predicted to leave businesses struggling to find suitable offices to rent over the next five years. Take up rates have increased dramatically in many places when compared to the previous year. Examples include Bristol, which saw a 59% jump by April this year. Scotland saw a 19% increase across nine cities, not including Edinburgh & Glagsow, where the combined total was 39% growth. However, much slower release cycles of new developments means there soon will not be enough available floor space in many areas.

Since 2008, construction of new commercial property has seen a dramatic slow down. In some areas it was even reported at zero growth. By the final quarter of 2012, it was reported that some 1 million of a projected 1.75 million square feet new office space due to enter the market had already been pre-let. Although there are high profile 'flagship' projects under construction in major cities, the question remains how difficult it will become to source office space as time goes by. With much of this new stock pre-let, small and medium sized firms in particular could find the road ahead more challenging. There is also the question of what happens for those firms who do not want - or need - to rent in major cities.

"We work with offices in some very diverse locations right across the UK. And we are certainly receiving a steady flow of enquiries for offices to rent across the country. Our available premises offer competitive pricing and we also take the time to listen to what businesses need today and are likely to need tomorrow. We can often suggest cost-effective locations firms may not have previously considered. By putting the company's business needs first, they are less likely to waste time seeing unsuitable premises. A better fit is also obviously going to be more cost effective as the company develops over time," said a spokesman from Pearl & Coutts.

Pearl & Coutts commercial property company have been supporting UK businesses to find the right premises since the 1960s. As well as office space to let they also supply shops and associated premises such as storage and industrial units.

To find out more about their unique client-centered service, call their multi-lingual team on 020 7843 3788. Their current selection of handpicked locations can also be viewed on their website.

http://www.pearl-coutts.co.uk

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