Warrington Property Review Shows Town is Resilient to Recession

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The Warrington Annual Property Review took place last week and, despite the continued economic doom and gloom, reports revealed that commercial office space interest in Warrington remains steady.

Sallie Maskrey of Portal Business Centres Ltd was among those at the well-attended review event. I asked Sallie to tell me a bit about what she had been able to take away from the day and whether the data had revealed many positives about the state of Warrington’s current market.

Sallie commented: “The Warrington Property Review has been running for 14 years and during that time Warrington has remained resilient to the worst effects of the economic downturns with 2011 being no exception.

Warrington is ranked in the top 8 locations for both earnings and people in employment  and  moved up to 7th in terms of its employment rate. It was 8th in terms of high earnings. It also has the 7th highest proportion of private sector employment, one of the factors that have helped insulate Warrington from the public sector spending cuts.”

Portal Business Centres offers flexible office accommodation in Dallam Lane on the edge of town. I asked Sallie if she had seen any change in sales trends during the recession. She said: “At Portal Business Centres we have seen a steady number of enquiries from small businesses in the last 12 months and it has been encouraging to see more companies making decisions about a base for their office rather than the cautious approach of the preceding year.

Once settled companies are staying for longer, we have an average tenure of 4.5 years and companies continue to be careful about how they spend their money. We have seen an increase in the number of Homeworkers using our meeting rooms and virtual services to ensure they maintain a professional image for their business whilst keeping costs low.”

Figures from the Warrington Annual Property Review, prepared by property agency BE Group, show that office space take up in the town during 2011 was twice that of 2010. The final take up figure for last year was 17,500 sq metres, which, although well below the 10 year average, has revealed a positive trend during tough economic times. Sallie concluded: “Warrington as a location continues to be popular with businesses as has been reflected by the property review.”

Portal Business Centres in Dallam Lane, Warrington offer fully furnished serviced offices. The bright, self contained accommodation is available on flexible licence terms and, in most cases, with the added benefit of small business rates relief. The prominent, three storey building is located on the outskirts of the town centre. Find out more on 020 3773 2893.

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1 thought on “Warrington Property Review Shows Town is Resilient to Recession”

  1. Emily Granger

    It is figures like these that really underline the need for the government to scrap the empty property rates tax. Warrington, like so many of the country’s major towns and cities, just has too much empty space in a market where businesses remain tentative about relocation costs and its the landlords which are suffering for it.

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