Commercial Property Market Study 2016


Enterprise M3 has appointed consultants Regeneris Consulting and Aspinall Verdi to refresh its Commercial Property Market Study. The main aims of this study are to:

  • provide the LEP with a robust evidence base on commercial property market conditions in different parts of the EM3 corridor;
  • analyse recent trends in the LEP’s priority growth sectors, and understand the key location and property requirements of these sectors;
  • identify the key opportunities and challenges facing the commercial property market in different parts of the LEP area, and
  • make recommendations on how the LEP and its partners can use their funding and influence to address the strategic opportunities and challenges identified in the report, and support the growth of key sectors.

As part of the study we arranged a series of breakfast workshops with commercial property market agents in different parts of the LEP area. These workshops were well attended and generated a good debate around the emerging findings. They have allowed the consultants to test and refine their findings with those companies who are closest to the market. The presentations from the workshops are available to download at the right hand side of this page.

We also held a meeting with planning officers from all boroughs and districts in the Enterprise M3 area. Regeneris gave a presentation on the studies aims, work carried out and emerging findings. A copy of the presentation is available to download at the right hand side of this page.  

2013 Commercial Property Market Study

This ground breaking study was prepared for the LEP by its Land & Property Action Group. It is a major analysis of employment land (sites and premises) across the Enterprise M3 area and is aimed at helping the LEP get a clearer understanding of the characteristics of the commercial property market in the M3 corridor.

It has helped improve understanding of the characteristics of the commercial property market in the wider M3 corridor, against the LEP’s strategic plans for growth and the Government’s new permitted development rights for change of use from commercial to residential premises. The study highlights that the Enterprise M3 area has excellent potential for economic growth, with plenty of good quality office accommodation available to satisfy the requirements of companies wishing to expand, and to attract businesses into the area. It also underlines the challenges faced in different parts of the area: some locations have a good choice of premises and sites with healthy demand, while in others there is more of a need to stimulate demand for the property available. This study provided a unique collaboration between members of the property and development industries and public sector policy makers, and it has facilitated the debate about local priorities where market segments and gaps need to be addressed. In turn, the debate has helped to form the LEP’s strategy, including how it might allocate Government funding that is earmarked for stimulating economic growth.

A copy of the 2013 report is available for downloading at the right hand side of the page.