Since Brexit reports from the property world have been gloomy, however HNF Property in Croydon is continuing to experience a lack of supply and surplus demand for both office and Industrial property.
In and around London and the south east Industrial property continues to be in short supply across the board and we have unfulfilled requirements.
Within Croydon we are seeing an increasing number of enquiries for office accommodation. Over the past few years’ office supply in the Croydon area has dwindled from 1.8 million square feet 2 to 3 years ago to approximately 300,000 square feet currently.
The Ruskin Square Development has recently secured a letting to HMRC who have taken 184,000 square feet, marketed at £35.00 per square feet.
Business is continuing to be attracted as development in the area gathers pace and the town centre undergoes a dramatic transformation which will see it regenerated to become a thriving London satellite town attractive to both occupiers and their staff.
Excellent transport links ensure good access to a skilled pool of staff and access to the city and west end in less than half an hour.