An abundance of cost competitive, quality commercial property is a pillar of North East England’s compelling offer to new investors and existing businesses looking to expand.
It’s easy to see why the region is such an attractive investment proposition.
The region has some of the most cost effective Grade A office space available in the UK. Compared to Scotland, North East office costs are almost one-third less expensive, while they are 68% cheaper than Greater London (Q2, 2017).
Grade A office space starts from £5 per sq ft and industrial space from £2.50 per sq ft – all linked through superb connectivity via the Tyne and Wear Metro system, quality road networks, Newcastle International Airport and three outstanding ports.
Invest North East England has smoothed the path of businesses looking to find their ideal base and seize the opportunities North East England offers. The Commercial Property and Land Database is a searchable online tool listing scores of commercial property locations, industrial and office space, plus development opportunities currently available in the region for investors or existing firms looking to grow.
The comprehensive database is easy to search, updated regularly and features properties from all seven local authorities within the region, as well as information from over 40 property agents and developers.
The database is the only one of its kind in North East England and currently features:
- Nearly 400 available premises and 83 strategic employment sites prime for development
- Information on almost 11m sq ft of available and proposed industrial and office floor space
- Over 1,800 acres of development sites
The database is designed to make it easy to find prime sites ready for development or existing large scale industrial or commercial sites ready to be occupied. Land or property sizes can be viewed in either metric or imperial classifications.
Superb commercial property and industrial locations underpin North East England’s economic growth.
In the flourishing Financial, Professional and Business Services sector, the region’s unparalleled mix of cost competitive Grade A office space and workforce loyalty has attracted global brands such as Barclays, Virgin and Santander to set up home, swelling the sector to employ over 130,000 people.
The region continues to be one of the most cost competitive locations to establish business service operations. For example, a 350 person customer contact centre established in the North East would offer savings of up to £4.5 million per annum when compared to greater London.
And in the Energy sector, business is booming from a superb portfolio of high quality industrial development sites, all with easy access to deep water ports and many with Enterprise Zone benefits such as enhanced capital allowances for investment in plant and machinery.
Director Guy Currey said: “North East England is one of the most cost competitive locations in Europe for inward investors or for established firms looking to take their business to the next level through expansion. ‘We have an abundance of Grade A office accommodation and industrial space available now for companies to move into, backed by tailor made support from the INEE team of investment experts. Our property and land database is a fantastic resource for investors to quickly access the wealth of opportunities that exist for investors in our region, across a wide range of sectors.”