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Leeds

Yorkshire Agent Warns of Shortage of Grade A Office Space in York


LEEDS, 8 April 2014 - The news that the think tank Centre for Cities has ranked York as one of the most prosperous and successful cities in the UK has been warmly welcomed by a leading Yorkshire commercial property agent.
 
Richard Thornton, director with global property consultancy JLL, believes the think tank’s positive endorsement of York will make it a prime destination for new start-up businesses and existing businesses, which wish to relocate.
 
Mr Thornton said: “York has an amazing history, of course, but it is now reinventing itself for the 21st century. For example, a record number of businesses were started in the city in the third quarter of last year, while the Sunday Times has named York as one of the top hotspots for new development in the whole the country”.
 
But, warned Mr Thornton, there is an acute shortage of quality Grade A office space in the city to accommodate this new development.
 
Mr Thornton said: “An exception to this shortage is Clifton Park Business Park, which has recently been given a Grade A Rating by the City of York Council. This is a resounding endorsement of a great business location and is richly deserved, underlining the quality of the park.
 
He explained: “Clifton Park Business Park is one of the jewels in York’s commercial crown and has attracted some first-class businesses and household names since it first opened. The Grade A rating is a telling reminder of its quality and will put it well and truly on the map.
 
“It is a ringing endorsement of a great business location, which combines superb offices with competitive rents. We have always known about the quality of Clifton Park, but this richly-deserved accolade from the council confirms its place at the very top of the York office tree.”
 
Schroder Real Estate Investment Trust, who owns Clifton Park Business Park, said it was delighted with the grading.
Clifton Park offers over 20,000 sq ft of available office accommodation across three detached blocks. Block A offers flexible space ranging from 1,280 -3,582 sq ft with up to 20 car parking spaces. Block B comprises 2,764 sq ft up to 8,954 sq ft of available space and up to 38 car spaces; Block C’s vacant space ranges from 2,771 – 9,072 sq ft with up to 40 parking spaces.
The asking rent at Clifton Park is £11.95 per sq ft.  The park is close to the York Outer Ring Road, with easy access to the A1 (M) and the A59, but only two miles from York city centre.
 
Mr Thornton said: “Clifton Park is a great success story. We are providing high-specification modern office accommodation with excellent parking facilities in a green, attractive and mature woodland landscape and we can offer flexible space for small to medium-sized businesses upwards.
 
“We believe that we have a better quality product than any of the other business parks in the out- of -town York market,” he added.
Other occupiers of Clifton Park include NFU Mutual Balfour Beatty, the Human Support Group, Signalling Solutions, and Cellhire. There is also a Premier Inn and the Dormouse public house at the entrance of the park, providing leisure recreational facilities for occupiers and visitors alike.
 
The joint marketing agents for Clifton Park are North Yorkshire-based McBeath Property Consultancy.