Quick let bucks trend of traditionally slow summer market

An office letting on Peterborough’s Thorpe Road has bucked the trend of the traditionally slow summer market in that sector when it became under offer just a fortnight after Eddisons’ agency in the city was instructed to let it.

The deal has now been completed on the self-contained, first floor, 723 sq ft office space of Unit B Greenhill House - a two storey, purpose built office building, close to the interchange with the A47 and Nene Parkway.

The new tenant is a local independent financial adviser whose business had grown and required premises to accommodate the expansion.

Commenting on the letting, Eddisons’ Julian Welch - who led the agency instruction on behalf of the landlord - said, “The Peterborough office market has been notably quiet for most of the year and that’s, more or less, the pattern across the country.

“Summertime, by convention, is always a quiet time for office market moves, in particular. Therefore, the speed at which interest was generated in this office instruction and then the deal proceeded to completion is particularly gratifying.”