Pearl and Coutts: Sourcing Office Space Iin London In 2011

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 4, 2011 -- The UK commercial property market appears set to provide investors with healthy returns in 2011, particularly in comparison with more troubled eurozone locations. Experts are predicting strong rental growth and investors fighting for ‘bargains’ during the coming year.

Letting agent Pearl and Coutts specialise in office space in London alongside all types of commercial property. Today they gave their own client-centred response and predictions for the year to come.

Pricing rose throughout the last year boosted by a combination of factors. Overseas investors were realising the strength of the London commercial market as a safer investment than many other European capitals. Coupled with strong returns, a slowdown in new properties coming onto the market means a very strong demand for rented business premises, particularly for office space in London. Pearl and Coutts gave their response:

“What we’re seeing now is a lower volume of new properties coming onto the market whilst London’s economy keeps demand high. While the net effect might be making good copy for investors reading the property media, our concern is what happens for businesses on the ground. Small to medium size businesses in particular need to rent good quality accommodation. For larger companies, lending for commercial property has not been as available as in previous years. Yet they all still need to have an operational base, whether that means office space in London, or a retail unit, or storage or even an industrial unit. We offer them a dynamic, rapid way to create that base, or relocate from another into something that’s going to really work for them. In the year ahead, we believe it’s going to present a much easier, faster process than trying to purchase premises - and for many that would simply not be an option in any case. More than ever this year, businesses are going to need a real-time response that quickly meets their day to day needs”

Analysts also pointed to London’s appeal to investors against more volatile markets, for example, the recent financial problems seen in Ireland. Many foreign investors have therefore pursued office space in London in anticipation of increased rental demand. Coupled with the shortage of commercial property available for rent, the outlook for those looking for premises could be problematic. Pearl and Coutts appeared unconcerned:

“Again, it’s a question of having the right agent. Throughout the lower supply period, we have still always had an extensive selection of property suitable for literally all sizes of businesses. We do support businesses that are going to be more price sensitive by offering competitively priced accommodation. Nobody wants to hear their agent is having sourcing problems when they’re trying to efficiently organise their new premises. We have the properties and everything we do has to be time sensitive, since the old cliché is true - for all our clients, time is money. It has to be a smooth easy process for them from start to finish”.

Any business looking for commercial property can view Pearl and Coutt’s current selection at http://www.pearl-coutts.co.uk/commercial-property-london . Call their team today on 020 7843 3753 for expert support with your spatial needs, including office space in London and beyond, including parking, storage and industrial units.

More information can be found online at http://www.pearl-coutts.co.uk/

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