What is commercial property?
Any property or land that is used for business purposes is commercial property.
Under the Town and Country Planning (Use Classes) Order 1987 commercial property is divided into five categories: offices, retail, industrial (factories and warehouses), leisure (including cafes, hotels, pubs, restaurants and sports facilities) and healthcare (care homes, hospitals and surgeries).
Commercial property also includes mixed use properties such as shops with flats above them.
Should you invest in commercial property?
Are you considering investing in commercial property? You might be a buy-to-let landlord thinking about diversifying your portfolio to include commercial property or perhaps you are a business looking to invest in your own premises.
Returns on commercial property investments can be higher than with residential property, and longer tenancies can mean greater financial security. However, the pandemic has shaken the commercial property market and you may be wondering if it is still a sensible investment.
During lockdowns, non-essential shops closed and many people worked from home which caused a decline in retail and office spaces. At the same time, supermarkets and other essential retailers such as corner shops saw sharp increases in their sales. Online retail sales in January 2020 were up 20.2% on 2019 and warehouses in popular locations with sought-after facilities achieved record rents.
Why choose Mark to find your next commercial asset
It can be difficult to know where to start or who to trust when it comes to investing in commercial property.
I offer an innovative and straightforward approach to property investment, with a focus on creating harmony between profit and provision. I am committed to shaping a property market that benefits everyone involved.