LISTEN: South Wales is building back from the pandemic with a raft of industrial start-ups and with leisure operators keen to fill vacant space on the high street, says Fletcher Morgan associate Matthew Jones.
Fletcher Morgan is the highest placed regional independent agency in the Radius On-Demand Rankings for South Wales with 338,699 sq ft of space transacted across 40 deals so far this year. Jones himself is the third most active individual in Wales, having completed 22 deals. Only Knight Frank’s Neil Francis and Mark Sutton have done more.
Jones says the office market has been through its toughest time in living memory but is starting to spring back to life, albeit with occupiers less interested in conventional leases. Small industrial units, meanwhile, are selling in their droves to local occupiers and the industrial estates of South Wales are now high on the priority lists of investment funds.
And on the high street, leisure is in vogue as operators seek to cash in on Cardiff’s boom student population.
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