John Truslove is once again Worcestershire’s leading commercial property agency
Redditch-based business property experts John Truslove have been named top commercial property agency in Worcestershire again – for the third year in a row.
The company, now in its 42nd year, left the competition standing.
In 2022, John Truslove signed off 77 deals, more than all the other top five agents in Worcestershire combined.
And in Warwickshire, John Truslove ranked fifth.
The figures are revealed in the lates EG Radius On-Demand Rankings, the property trade national league table of commercial agents.
Ian Parker, joint managing director of John Truslove, said: “While we did virtually the same number of deals as the previous year, 2021 was an exceptional year as businesses scrambled for more industrial space, particularly in logistics and medical supplies, during the pandemic.
“So we are very pleased to have maintained this level of activity in 2022.
“While the EG Radius On-Demand Rankings are dominated by the national firms doing big box and mega-office deals, we continued to build on our West Midlands heartlands and saw a noticeable increase in lettings in the 10,000-15,000 sq ft range.”
These included a 15,000 sq ft factory warehouse let to Kaug Refinery at 10 Merse Road, Redditch, and a 14,400 sq ft factory warehouse let to Newtown Packaging at B2, Oxleasow Road, Redditch.
Mr Parker said there had also been a noticeable increase in sales, with owner-occupiers expanding their accommodation.
Good examples included at 15,500 sq ft factory at 7 Enfield Industrial Estate, Redditch, sold to Ashland Construction, and a 16,250 sq ft factory warehouse at Arrow Business Park, Redditch, sold to Car Spares Ltd.
He added: “We have also been very pleased to note a steady stream of investment sales including the sale of 15 apartments at Meridian Place, Bromsgrove, for £1.5 million.”
John Truslove has recorded that rents have continued to increase over the year as stock levels continue to remain low, and Mr Parker sees little sign of this changing in the short term.
“Market values also continue to remain strong, with record breaking figures being achieved in recent weeks on industrial accommodation.
“We have also seen encouraging signs in the office market with lettings in recent weeks including: 1 Brooklands, Redditch – 7814sqft let to Kingfisher Insurance Services and Studley Point where we let 6062 sqft of offices to AT&T.”
He said he sees little sign of the Worcestershire and Warwickshire markets slowing down as John Truslove has experienced a very bright start to the year, with a number of deals currently in the pipeline.
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