A slight lack of confidence can be detected in the South West commercial property market, almost as if the local operators cannot quite believe the recovery is here.
Yet it actually weathered the problems of the past five years better than most of the country, so it has always been in a position to benefit from a return to more normal conditions.
The market conditions do justify a more robust approach with new developments on site and take up increasing.
The fact that one of the players in the new development is Ray Palmer at Finzels Reach should be a guide to anyone lacking confidence.
Confidence should also come from Network Rail rebuilding Temple Meads Station, which starts next year and is a key part in the electrification of the line from London to Cardiff.
Whichever way you look at it there are a significant number of new mixed use developments throughout the region, four of them on redundant MOD land. That will provide commercial space and housing for an increasing population.
That is of particular importance in Bath, which has experienced a less active market in the past few years.
Obviously British Land thinks the city will be more active and successful because it has bought half of the Southgate Shopping Centre.
Indeed, the big companies do back the South West because Land Securities continues with a sizeable presence in Exeter.