Property demand ''remains healthy'' - commercial mortgages

22 August 2007

Demand for property in both the industrial and office property markets remains healthy despite fears of a market slowdown, it has been advised.

Recent weeks have seen landlords with commercial mortgages facing some pessimism over the state of the sector, but Simon Wood from CB Richard Ellis has now countered such suggestions.

The director, speaking to the Manchester Evening News, has said that the market was becoming more polarised, but added that the strongest properties were still performing well.

"The gap between prime and secondary is quite rightly re-emerging […] for prime property the fall has been more of a soft landing and there are a number of success," Mr Wood told the paper.

"We are now seeing a correction in the investment markets but occupational demand remains healthy, particularly in the industrial and office sector," he added.

The assertion comes as industrial property firm Brixton has said that specialisation would help beat any slowdown that might materialise.