The commercial property market has experienced one of the strongest performing periods in a number of years despite economic uncertainty, interest rate changes and cost of living and doing business increases, with strong demand for all sectors throughout Ayrshire.
Modern industrial units of all sizes are currently in low supply, with a strong level of demand throughout all areas of Ayrshire. Graham + Sibbald have successfully completed the letting of a number of industrial units ranging in size and location for new-start businesses to long-established international companies. We anticipate this level of demand to hold strong and are currently advising clients in the development of new-build accommodation to satisfy the ongoing demand.
The office sector has seen the greatest change in recent years as a result of a shift in working patterns following the Covid-19 pandemic. This has resulted in increased demand for modern flexible office accommodation from small business centre suites to large open plan floorplates and pavilion style offices. Many companies and individuals have adopted a hybrid working style seeking flexible space providing collaboration and meeting space rather than traditional high density office accommodation.
Fraser H Lang, Partner and Head of Ayrshire at Graham + Sibbald comments, “The new-build office space currently available within Ayrshire includes market leading, energy efficient and flexible accommodation at Annickbank Innovation Campus, Irvine and the HALO Enterprise & Innovation Centre, Kilmarnock, the quality of which is normally only available within large city centres. Rents are available at a fraction of city centre costs whilst benefitting from all that Ayrshire has to offer.”
“We are also excited to be instructed by North Ayrshire Council in the marketing of new build state of the art Advanced Manufacturing unit at i3 Riverside Business Park, Irvine extending to 18,180 sqft with 8m eaves height, which offers unrivalled quality accommodation rarely created upon bespoke basis.”
The retail sector is also slowly recovering throughout Ayrshire, with a resurgence in demand from small local independent retailers, providing boutique-style individual offerings.
Graham + Sibbald offers a high level of personal service, specialist skills and local knowledge from the largest multi-disciplined team of property professionals within Ayrshire, providing a full range of commercial and residential property services from their offices in Ayr and Kilmarnock.
