Ayers & Cruiks have recently completed the renewal and regearing of 10 commercial leases on an industrial estate in Aviation Way in Southend achieving rents in the region of £8.50 ft.
We have managed the estate on behalf of the landlord for almost 20 years and are delighted that at long last rental growth has returned to the Industrial sector which is now recovering quickly following the last recession. “There is now a real lack of industrial stock within the SE of Essex especially for smaller units of 1200-1500 sq.ft.” said Bill Preedy, Commercial Property Manager at Ayers & Cruiks, he continued “the lack of stock and increasing demand has meant that rents have risen quite quickly over the last 2 years.”
Ayers & Cruiks manage a large portfolio of Commercial & Industrial properties across SE Essex, if you would like a chat about what we can offer you as a landlord then please contact Kevin Cruiks BSC FRICS or Bill Preedy on 01702 343060.
We know commercial.