Nottingham market report positive for office movers

If your business is looking for a new office location, Nottingham could be just the city for you. The long-term business prospects in the area are fantastic and the outlook for the commercial property market is positive for the future.

Once a city that was built on industry, Nottingham now has a business economy led by the service sector and biosciences. Data analytics is another booming business in Nottingham, but there are opportunities for every company big or small. An excellent transport infrastructure and university links make it an easy place to set up a business or moving office to a new city.

From 2009-10 the city let 680,000sq ft of office space to businesses in both public and private sector companies looking to take up new corporate homes there. Healthy leasing activity amounts to healthy rental rates with competition thought to push rents up by 2.2 per cent by the end of 2015, so businesses should be quick to act if they want to take advantage of Nottingham as a business base. Growth for Nottingham is expected to be higher than that anticipated for the East Midlands area as a whole which is thought to grow by 1.7 per cent. The total for built office stock in Nottingham’s core commercial property area amounts to 6,780,480sq ft and there is estimated to be a further 2,538,991sq ft waiting to be built, which is superb news for prospective office movers!

Commercial Property Agents including Robert Clarke Chartered Surveyors and Innes England have extensive experience in advising tenants wishing to move offices to Nottingham.  It's worth contacting them if you're looking for office space in Nottingham.  Contacting them is free and there's no obligation to use them - and if nothing else, a conversation with them with give you an overview of the current office market in Nottingham.

Use the Office Relocation Checklist to get your office move to Nottingham off to the right start.