Shepherd Portfolio Grows Despite Demand
The latest update from Shepherd Commercial
Shepherd Commercials stock portfolio is on the rise despite a number of transactions and huge demand for quality office space. We at Shepherd have foreseen a number of properties snatched up the past few weeks with demand for our Solihull commercial properties proving its strength.
Stowe house Knowle, Arden buildings Dorridge and Dairy barns Hockley Heath have all came under offer in the past few weeks including Unit 9 Umberslade Business Park and retail units on Hobs Moat Road. This is all accompanied by Fentham Road Hampton-in-Arden and 91 Main Rd Meriden all reaching maximum office occupation.
At Shepherd, we’ve been facilitating this huge surge for premium office space and have been busy sourcing tenancies for all these wonderful properties. Demand for the Solihull and more rural strip between Coventry and Birmingham regions has been shown with significant enquiries on the vast majority of our properties in these areas. This comes as we see a recurring pattern of firms moving away from city centres such as Birmingham and looking for more spacious dynamic accommodation under a more relaxed hybrid work system. The office market is showing amazing strength and resilience and it seems with the brunt of the pandemic behind us that companies are looking to secure stable long term leaseholds in the region.
Despite all of this continued surge of demand, Shepherd Commercial have been receiving plenty of stock and new instructions to facilitate the surge. Our portfolio figures have climbed, majority leasehold, as landlords look to secure new tenants on increased asking rents for stable terms. We still are actively looking for new instruction as we have plenty of companies, organisations and firms looking for new premises with different criteria.
If you have any freehold premise or leasehold opportunity we highly recommend giving us a call on 0156477890 to get in touch and see how we can help you.