We must all hope that the Euro referendum does not throw the UK economy off course because in the Midlands it is breezing along healthily.
Certainly there are real problems about a lack of prime stock, but the developers are building and they are getting funding. Indeed the institutions are more active, as shown by Legal & General.
We do have a different shape to the market with the amount of investment by private investors, who take an entirely different view from investment and development companies.
Broadly speaking, they look for yield and while they will cash in on high prices, they tend to be long term holders. In many ways the Midlands suits them because of its importance in the distribution and logistics business of the UK giving a variety to the investment potential.
There is also the size of the manufacturing base which means the availability of old units for development or refurbishment.
As well as this, town centres are enjoying an expansionary period and Birmingham is on course for a substantial lift in its status as HS2 looms and companies move from London (such as HSBC).
For the future the realisation that putting together groups of local authorities, and in the case of the Midlands, LEPs, can bring added strength which suits the new government policy of moving activity away from the centre.