''Surprise demand'' for regional office - commercial mortgages

29 March 2007

A number of unexpected regional towns across the UK have emerged as commercial property hotspots in a new study, joining the likes of London, Manchester and Birmingham as prime locations for serviced offices.

Smaller towns and cities that are showing strong signs of demand for office space include Darlington, Falkirk and Newport, according to research carried out by Officebroker.com. Other up and coming commercial property hotspots include Sheffield, Aberdeen, Stockport and Derby.

These findings are indicative of shifting attitudes towards business location among UK firms as more businesses branch away from bigger cities.

Cheaper rents and better purchase opportunities through commercial mortgages might also be a key factor in attracting stronger demand.

Experts also highlight good accessibility as a main driver of demand in regional areas.

Property investors interested commercial mortgages are advised to investigate commuter towns and locations with strong transport links, able to meet the needs of local workers and commuters alike.