Tuesday, February 13, 2018

Branson on Thames Valley February 2018 Issue 59

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The whole of the UK can draw comfort from the current strength of the market in the Thames Valley because this is a vital area for high tech companies.

With the arrival of the Elizabeth Line it has been given a boost which will show later this year when the first phase opens.

It already has a better train service because of the rebuilding of Reading station.

What is important is the broadly based progress of the whole region, starting in West London, which is buoyant, and moving down the motorways to such towns as Reading, Bracknell and Slough.

The health of the economy is shown by the rise in rents and the shortage of Grade A space, which will take some time to eliminate. The future is bright as agents look to providing space for the new motor revolution with battery powered and driverless vehicles.

The e-retail revolution is also making a major difference and accounting for a considerable amount of the industrial take up.

However, here there is a warning about the competition between residential and industrial for land.

You cannot have it both ways, ignore industrial and therefore employment at your peril. In the case of Bracknell, the large amount of offices bought for conversion to residential may not occur and some will escape the change. The much vaunted government industrial policy will need new industrial space in order to work effectively.

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