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South West Review - Bath 2015

Smart Future: South West Property Market 2015

On Thursday 12th February over 60 JLL clients and business contacts attended the South West Property Market Review at the Holburne Museum, in Bath. This event, the final in the series of three in the region, focused on the theme of 'Smart Future', and saw speakers discussing how our workplaces are evolving in response to the changing needs of businesses.

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Our views

 

 

 

John Mullholland

Director, Development Consultancy

"2014 should be seen as a stellar year for the city of Bath. Continuing to punch above its weight capital invested in the city has been quite exceptional across all sectors. The year started with the sale of Southgate, other notable deals included sales at Green Park House, Kingsmead House bought by Apex Hotels and to the end the year the sale of Milsom Place.

However there are warning signs in the office and industrial sectors. For the industrial occupiers the message is clear, Bath is full. With pressures from competing land uses and very limited supply of land it is not surprising that these occupiers are forced to look to the wider economic area.

In the office market occupiers continue to migrate in a westerly direction drawn by availability of good quality stock, skilled labour pool and lower cost housing. Bath must respond to this and the promise is there particularly around the delivery of Bath Quays which could lead the way in terms of delivering a revitalised CBD for the city.

Bath remains well placed to capitalise on its many strengths particularly as part of the wider region where all the indicators are positive."


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