Pendle’s positive property picture

By Brent Forbes, partner at Petty Commercial Property.

Whilst there’s some debate around Brexit’s potential opportunities, one thing that is clear is that a period of prolonged uncertainty isn’t helpful to business – and that has been compounded by the distraction of a general election and events since then.

On an optimistic note, at Petty Commercial, we’ve generally felt that these factors have yet to impact market confidence in Lancashire. We have a robust offer – our relatively low cost, great connectivity and legacy skills make the area an attractive proposition.

In the east of the county, commercial property in Pendle is holding up very well.

However, the borough is currently seeing demand outstrip supply, which is both forcing rent rises and seeing new build industrial units sell before they are even built.