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Scarcity of commercial space for small businesses

Scarcity of commercial space for small businesses
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Scarcity of commercial space for small businesses
Siobhan Stirling - Sharp Minds Communications for Capital Space by Siobhan Stirling - Sharp Minds Communications for Capital Space
Owner/Director - Sharp Minds Communications Ltd

If you’re a growing business, you’ll know how hard it can be to find suitable, affordable office, workshop or studio space.  Of course, it’s all down to supply and demand, not only for commercial space, but also for residential space, as CapitalSpace’s Managing Director, Peter Boam, explains:

“The race is on to build ever more housing to accommodate the many thousands of people with no decent home, but at the same time there is no enthusiasm to build in the green belt or indeed on any land that is currently outside the urban area.  As a consequence, pressure mounts to make the best possible use of land that has previously been developed.

The shortage in housing land has contributed to a strong rise in the value of residential land; it now exceeds the value of commercial land in the south east.  Wherever land used for industry comes up for sale, it is carefully assessed for its potential for residential development, and often is considered suitable.  This occurs even when the site would be thought by most people to be unsuitable, for example where it is in an industrial estate and on the opposite side of the road from a large food distribution warehouse operating 24 hours a day.

This pressure shows itself in the urban fabric, where private garages that may in the past have provided temporary or start-up space for small businesses now – more often than not – becomes converted to residential use, as additional family living space or as a granny annex.

Back gardens and odd, little-used areas of land, redundant chapels, former public toilets and all manner of small spaces that might, in the past, have provided space for small businesses, are now being redeveloped to create high-density residential accommodation, often with no garaging and very restricted circulation space.

For all these reasons and more, anyone wishing to start or to grow a small business has a more difficult job to find accommodation than even before – one of the reasons we are seeing growing demand for our flexible, affordable accommodation for small- and medium-sized businesses.”

If you’re struggling to find suitable commercial accommodation for your growing business, now you know why – and you know who to come to!

To find out how Capital Space business premises could benefit your growing business,

call 0800 107 3667