With interest in regional investment strengthening, Property Week convened a group of property experts to discuss the state of the North East market.
Hosted by Naylors Gavin Black, the discussion took place over coffee and bacon stotties – a traditional local delicacy – and, while the panel acknowledged the uncertainties ahead, it also concluded that the region still had untapped potential.
Kicking off the discussion, Cushman & Wakefield partner Greg Davison said: “Clearly, there are challenges politically and we don’t know what the fallout from Brexit will be, but if we look back over the past 18 months or so, we have constantly been saying that supply is at around 120,000 sq ft, which is equivalent to about a year’s worth of grade-A take-up.”
Read the full article on: https://www.propertyweek.com/markets/north-east-market-conditions-favour-spec-office-development/5101040.article