At long last, it seems that the green shoots have arrived. The latest GDP figures showed a modest but welcome 0.3% for the quarter. More importantly, confidence is finally picking up, with a major study showing it is at its highest level since 2010. Of course, the capital has always played by slightly different rules and has always led both the wider recovery and the rise in the property market; commercial property London was hurt badly in the Credit Crunch but picked up sharply, too. This was true across all sectors, including housing and retail. But now, with business confidence on the up as well, it might be time to take advantage of the number of shops to let in north London, since there’s a fair chance that lending will also soon increase and the wider economy will support your business venture. Alternatively, a shop for sale in London might seem a good purchase at the moment. Which you look for will depend on a number of factors, including the nature of your venture and what you can afford at the time.
Landlords, too, might capitalise on this improving confidence. Shops to let in north London are in good supply now, since so many businesses have foundered, leaving empty windows like missing teeth along the streets. Location makes all the difference, of course; some bits of the city will always be popular. But the limited space means that there is only so much supply to deal with rising demand – one of the reasons that commercial property London has previously been a lucrative business. If organisations simply can’t find the space they require, landlords can – and have – demand huge prices. That’s why a shop for sale in London can be a goldmine for the right investor, who has cash to spare and can afford to grab a bargain and wait as long as they need to for the rental market to follow. Needless to say, though, whether you’re buying, selling, letting or renting, it pays to do your research. Talk to a commercial property agency for more information about finding a set of premises, or a business consultant to put together a proposition for your venture. They will be able to help you make your move based on ruthless planning and strong evidence, thereby ensuring that it gets off to the best possible start.
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