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: LGBTQ+ attitudes, actions and allyship
On the Case: Supreme Court clarifies charitable relief from business rates
EG Like Sunday Morning: Resilient retail, redoubtable resi
EG Like Sunday Morning: D&I and urban logistics in quick Succession
EG @ UKREiiF: Why partnership is key to a sustainable future
In on the Act: Will the Renters (Reform) Bill strike a fairer balance for landlords and tenants?
EG @ UKREiiF: Manchester’s new tune
EG @ UKREiiF: Connecting places to people
EG @ UKREiiF: Biodiversity net gain puts developers to the test
EG @ UKREiiF: Smithfield’s place in Birmingham’s jigsaw
EG @ UKREiiF: Regenerating the Royal Docks
EG Like Sunday Morning: The office and PBSA world is yours
Bricks & Mortar: Nicky Richmond on how to network
EG’s Office Politics: Local elections and logjams
EG Like Sunday Morning: Against a bleak backdrop, reasons to be cheerful
Bricks & Mortar: Lisa Tye and Kathryn Jump on the benefits of a job share
EG Like Sunday Morning: From Fleet Street to Croydon
EG Like Sunday Morning: City regeneration and socio-economic representation
Bricks & Mortar: Fiona Lomas-Holt on the benefits of employee ownership
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money