Saturday, November 12, 2016

Branson on Yorkshire November 2016 Issue 52

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There is a solidity to the performance of the commercial property market in the region with early indications of it shrugging off the effect of the Brexit vote.

To be fair, it is early days yet for the trauma of leaving the EU with negotiations spread over a number of years (how many?). All the same, Yorkshire has the ability to makes its own decisions and think outside the box. That may come from a real pride in Yorkshire.

That passion for the county was shown in bucketloads at this year’s Olympics when its athletes won so many medals.

Of course, it has some natural advantages such as a fine motorway network and well established towns and cities that have a history of real industrial power.

The numbers indicate a positive market, whether it is city centre lettings in Leeds or out of town business parks but also includes new office and industrial development. Hopefully, the early indications of more manufacturing capacity will prove to be long lasting and help counter leaving the EU.

Sheffield encapsulates the changes in the region as it steers away from undue reliance on the public sector that guided its property market for so many years. The prospect of a new HS2 station in the middle of the city is significant at a time when the council has been emboldened to push new development of offices and shops.

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