Tech4i2 & East Midlands Chamber proudly present:
East Midlands Commercial Property Market - Past, Present and Future
A Leicester Business Festival presentation which provides an overview of the current situation and trends in the Leicester, Leicestershire and East Midlands property markets, including the impact of Brexit. Comparisons within Leicestershire and the region will be provided about the supply and demand for premises, prevailing rental levels and innovative methods to investigate where there is over- and under-supply of commercial premises. Insights to support for property investment will be provided through a unique review of the UK property lending market
This event will be of interest to property developers, property agents, property finance professionals, policymakers and businesses that want to know more about the Leicester, Leicestershire, East Midlands and UK retail, office and industry property markets.
Results of analysis from more than 20,000 commercial property vacancy records in 2016 to 2017 will be described by Professor Paul Foley (Tech4i2). Detailed comparison of rental levels in different locations for different types of commercial property provides an insight to relative competitiveness in different areas. An innovative method of investigating over- and under-supply of commercial properties has been developed by comparing the number of properties on the market with the stock/number of different types of commercial property in the local market. This shows relatively low levels of supply of industry and office accommodation in Leicester and Leicestershire when compared with other parts of the East Midlands. Tech4i2 data also enables examination of how long properties are on the market before being let - thus enabling comparison of local demand for properties.
Chris Hobson, Director of policy and external affairs at the East Midlands Chamber, will provide an overview of the property requirements and concerns of the 4,000 businesses members of the Chamber located in Leicestershire, Derbyshire and Nottinghamshire. Key concerns and opportunities identified by the Chamber’s high-level Construction and Property industry sector forum will also be presented. Chamber views about an overhaul of the business rates system and prospects for the Leicester and Loughborough Enterprise Zone.
The presentation will be held at the Dock Innovation Centre, Leciester between 2-4 PM on 31st October 2017.
Register for free here.
Professor Paul Foley, Director of Tech4i2
Chris Hobson, Director of Policy and External Affairs at the East Midlands Chamber