Deals of 2022 Market Update
Friday 27 January 2023
Flude Property Consultants are delighted to share with you our "Deals of 2022" market update prepared by our dedicated team of agents in Brighton, Chichester and Portsmouth.
Across the three offices, Flude concluded over 250 transactions in 2022. These included a significant number of investment and development properties and numerous industrial, office, retail, leisure property lettings and lease acquisitions. Flude were also recognised as 2022 CoStar award winners in office and industrial categories in the Brighton & Hove, South East and South Coast markets.
Mark Minchell commented, "2022 proved to be another year of change. The anticipation of a stronger rebound post COVID 19 was dented by the war in Ukraine and the cost of living crisis that created rampant inflation. Notwithstanding this major bump in the road, UK commercial property has grown resilient to the last few years crisis points. We continue to see a correction in retail property which reflects the cost of living crisis, but new retailers entering the market has sustained market activity both in terms of occupational lettings and investment transactions for properties with rebased rents. The office sector remains resilient in the face of the Work From Home culture, which has changed how we work but the majority of business still needs an office that isn’t the back bedroom and where people can meet and collaborate with colleagues face to face rather than on TEAMs or Zoom. The industrial market remains strong in terms of occupier demand with rents continuing to increase albeit at a slower level and yields started to soften for investments towards the end of 2022 as the Amazon effect took hold".
Please click the link below to view a flyer with a selection and summary of transactions we concluded in 2022.
