Latest deals done tell of Cambridge industrial demand in Q1

Two industrial units in Soham have new occupiers following deals completed in the spring by the Cambridge agency of Eddisons.

Both units are at Northfield Business Park, an established industrial business location north of the Cambridgeshire market town.

Unit 2, at 5,165ft² (480m²), was the larger of the units to let. Its new tenant is a national occupier who has taken a 20-year lease.

At 3,030ft² (281m²), Unit 3 has been let on a 5-year lease to a new occupier operating in the beauty & cosmetics sector.

Eddisons was the sole agent instructed by the landlord.

Demand is high in Cambridge

Ben Green of the Cambridge office recently remarked on the local industrial market following the release of the first RICS UK Commercial Property Market Survey for the year.

He said, “There has seen a pick-up in demand in Q1. Historically, there has been limited development of new industrial units in Cambridge and this - plus lack of available older stock - is putting upwards pressure on rents in the sector.

“In line with the general findings of the RICS survey, we anticipate industrial rents in the region will likely increase in the next 12 months.”

For more information on industrial units to let in the Cambridge area, contact Ben Green, at Eddisons Cambridge on 01223 467155 or at [email protected].