Demand for commercial office space in Reading is set to increase, experts have predicted.
Demand for office space in Reading is set to rebound following the slump last year, according to experts, which may interest those with
commercial mortgages.
Recent deals at The Pinnacle and The Blade have been touted as evidence that, while last year just 122,000 sq ft of commercial space was let in the town last year, demand for high-quality office space is beginning to return, Get Bracknell reports.
David Thomas, associate at property agent Vail Williams, said that the outlook is "positive", with 2.2 million sq ft of space available in Reading, a quarter of which is Grade A.
"Obviously many firms have had their capital budgets frozen and gone through scores of redundancies, but these factors can be seen as an opportunity to move premises in order to save costs," he told the paper.
In other news, commercial property development professionals were recently urged by Isoenergy to take advantage of government incentives to make their buildings more efficient.
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