Director Tom Holloway and Associate Director Peter Dalby of Holloway Iliffe & Mitchell have been quoted in the latest issue of the RICS UK Commercial Market Survey (Q4 2014). This publication is widely read by commercial property investors and occupiers looking to gain an insight into the regional views of RICS Commercial Property Chartered Surveyors in their local region.
Tom Holloway BA (Hons) MRICS, Director, Holloway Iliffe & Mitchell said:
Still the levels of stock fall and the pressure on rent and capital values increase. With no significant development on the horizon, 2015 will be challenging as stock levels will further decrease and properties coming back onto the market will be limited. The market could become scrappy.
Peter Dalby MRICS, Associate Director, Holloway Iliffe & Mitchell commented:
We continue to see an increase in demand for office and industrial space with rents beginning to tick up. Supply is reducing as existing tenants renew and permitted development continues.
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