Suffolk is showing its resilience to the gathering economic storm clouds thanks in large part to the influence of Britain’s busiest container port, Felixstowe, which is boosting activity levels across the logistics and warehousing sector, according to Penn Commercial founder and managing director Vanessa Penn.
Penn Commercial, located in Ipswich, transacted the most space in Suffolk in 2022 and currently sits in second place in the 2023 On Demand Rankings for Suffolk, with 44,205 sq ft transacted across 14 deals.
According to Penn, logistics and non-food retail warehousing are performing strongly this year, although activity levels in high street retail and offices has slowed, while most speculative development has been put on hold until costs come down. She believes the key thing for agents in the current climate is to keep the short to medium term churn of deals going and not get bogged down in longer term projects where planning can be time consuming.
EG Like Sunday Morning: WeWork woes and the King’s speech
EG’s Office Politics: All the King’s Horses
Voice of the Region: Brighton – The Eightfold path
In on the Act: The Electricity Act 1989
EG Like Sunday Morning: (Ruby) Waxing lyrical about the EG Awards
EG’s Office Politics: The Conference pair
Sustainable workplace design: Transforming spaces for a greener future
EG at LREF: Embedding social value in the planning process
LREF 2023: Hospitality in Westminster
LREF 2023: Exploring the co-living trend
Viewing flex space as an amenity
EG Like Sunday Morning: Future Leaders... and the future of RICS leadership
First port of call: ABP’s Greg Lacey on bold plans for CRE
Bricks & Mortar: The joy of a career in sustainability
EG Like Sunday Morning: Sustainability, life sciences and the office ”greenium”
EG Like Monday Morning: Tackling retention of women in real estate with the Empower Equity campaign
EG’s Office Politics meets Andy Street
Bricks & Mortar: The Land Collective’s Sarah Hayford discusses the launch of its Black Girls in Property programme
EG Like Sunday Morning: Let’s talk about IPSX (plus WeWork and Birmingham)
In on the Act: The role of the Law Commission in legislative change
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
The Ramsey Show
Planet Money