Intense demand for small industrial units as four are snapped up in a fortnight
The intense demand for small industrial units across the West Midlands shows no sign of letting up according to Birmingham commercial property specialist Siddall Jones.
The firm has completed four lettings in just two weeks at Northside Business Centre in Winson Green, Birmingham.
Managing director Ed Siddall-Jones said: “There is a huge demand for small industrial units across Birmingham and the wider West Midlands, and the rental levels being achieved speak volumes.”
Northside Business Centre was formerly owned by Birmingham City Council and was acquired by a Birmingham based property company some 12 months ago.
Siddall Jones was appointed to let the scheme and has achieved an increase in rents from circa £4 per sq ft to £12 per sq ft with almost full occupancy.
Mr Siddall-Jones said: “The latest lettings range in rental from £10-£12 per sq ft and include an events company, food storage business and a luxury bespoke bedding company.”
The units range in size from 513 sq ft to 1,128 sq ft.
“The demand for industrial accommodation across the West Midlands is unprecedented and we have clients waiting for similar sized properties. We desperately need to hear from any industrial owners with property to let to meet the continuing demand,” said Mr Siddall Jones.
Northside Business Centre has planning permission for B2 (general industrial) and B8 (storage and distribution) usage and the units have minimum eaves heights of between 2.5m and 3.5m. It sits conveniently located two miles north west of Birmingham city centre, just off the A4040, close to the Birmingham Ring Road and connections to the national motorway network.
The latest series of deals is further proof of Siddall Jones’s status as Birmingham’s most successful independent business property agency.
In 2022, Siddall Jones was named the top commercial agent in the West Midlands in the EG Radius On-Demand Rankings. The firm brokered 156 deals including sales and lettings in 2021, almost double the number of the nearest rival.
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