Despite the gloom in the news, Core Commercial are still doing deals. There has been a shift from last year where 75% of deals were freehold to today where 75% of the deals are lettings but sometimes with options to purchase the freehold.

Many of the deals that we are doing are on substandard properties where rents are especially low and in out of the way locations such as Lydd, Sissinghurst and Tonge. We are also receiving good interest in the larger developments of above 20,000 sqft but where the timescale for occupation is probably at least 12 months away. The properties that really seem t...
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Despite the gloom in the news, Core Commercial are still doing deals. There has been a shift from last year where 75% of deals were freehold to today where 75% of the deals are lettings but sometimes with options to purchase the freehold.

Many of the deals that we are doing are on substandard properties where rents are especially low and in out of the way locations such as Lydd, Sissinghurst and Tonge. We are also receiving good interest in the larger developments of above 20,000 sqft but where the timescale for occupation is probably at least 12 months away. The properties that really seem to be suffering are the mid sized properties of 4,000 to 15,000 sqft, often where landlords are often not prepared to accept current market conditions.

In the first quarter of 2009 we have had 5,756 unique visitors to our web site, an average of 475 per week, up from a low of under 300 per week in December 2008.

David Marriott BSc FRICS
26th March 2009
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