The first quarter of 2021 demonstrated the resilience of the North East’s commercial real estate investment market, with investment volume on completed transactions totalling £14.5m.
To date, JLF has completed 27 transactions between January and March 2021, making it a more active quarter than any in 2020.
The transactions in this quarter have involved most types of commercial property including industrial and warehouse, office, retail and leisure.
“Occupier and investment market activity slowed very briefly at the start of 2021, due partly to the impact of renewed lockdown restrictions,” said Senior Partner Jabad Jaigirdar. “However, since then, the amount of completed deals point towards the undoubtedly strong fundamentals that make the North East attractive to investors. Looking ahead, we believe that the market for well-let trophy assets will get more competitive and investors will continue to acquire best-in-class assets at attractive yields compared to other core UK cities.”
