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Commercial Property

Post lockdown surge in commercial deals in North Wales

Commercial agents are reporting strong interest and deals boom

Work underway on new trade park in Llangefni(Image: Legat Owen)

Commercial agents are reporting a surge in demand for units as North Wales enjoys a post-lockdown bounce in activity.

The market ground to a near halt in the depth of lockdown - although enquiries continued - and now deals are being made across the region.

One agent covering north west Wales said they were being “inundated” with calls - with a trend in retail for independents to target sites left by national chains.

In north east Wales there is reported bounce in any sites with easy access to the A55 and A483.

In Conwy county, St Davids Commercial has seen numerous deals get over the line since lockdown eased - in contrast to the º£½ÇÊÓÆµ picture being reported.

Legat Owen director Stephen Wade said: “As you would expect the market virtually ground to halt during lockdown but we are definitely seeing a post Covid bounce in those areas that are well located with easy access to the A55/A483.

“Connectivity is undoubtedly the key to success. Stray even a few miles from the major arterial routes and demand weakens.

“Our enquiry levels for industrial floorspace are actually above pre-Covid levels and occupiers are struggling to find existing units to occupy.”