Offices To Rent North London
With the UK finally exiting recession after the first double-dip downturn since the 1970s, businesses are turning their minds to expansion rather than consolidation and digging in. Property prices have fallen across the country, although commercial property London has proved comparatively resilient – it has propped up the rest of the country’s property figures over the last few months, though the average is still broadly flat. Now, shops to let in north London provide an opportunity for companies looking to take advantage of improving economic conditions as well as the slightly depressed property prices that are still evident. Alternatively, a shop for sale in London may prove a worthwhile investment if you are in it for the long haul, since prices can in the long run only go up.
The relative lack of space and limited new development suggests that competition will only get stronger in the long term. In the near-term, however, there are still a number of pressures on the market. Continued economic uncertainty – partly focused on Greece and the Eurozone, but more recently on the looming spectre of America’s ‘fiscal cliff’, which could push the US and the rest of the world back into recession – means that fluctuations are to be expected for the foreseeable future. Job losses in the public sector and the climate for the financial sector are not balanced smoothly by the growth of the private sector and, in any case, the ‘rebalancing’ of the economy means that different sectors are enjoying growth and suffering cutbacks.
All of this means that commercial property North London is in a state of flux, and likely will continue to be for some time. Offices to rent North London come in all shapes and sizes, suitable for all businesses, and there are plenty of bargains to be snapped up for the company that has the cash to invest at this critical juncture. Alternatively, a shop for sale in London may be a better prospect for some – particularly those with good reserves who have a business model that is sustainable over the long term. It is worth consulting with an experienced estate agents to make sure that your needs will be met in line with your budget, since the precise location of a shop or other property can make a huge difference to footfall and consequently the success of your enterprise.
Please visit https://www.claridges-commercial.co.uk