The Yorkshire property market is increasingly becoming a prime target for investors looking to diversify their portfolios, especially in the realm of commercial property. Yorkshire’s rich industrial heritage, combined with its modern business hubs, makes it an attractive region for both established companies and new businesses.
Leading Northern property firm, Bradley Hall, has offices across the North East and Yorkshire, including in the heart of Leeds.
Paul Andrew, Head of Office at Bradley Hall’s Leeds branch, shares his insights into the commercial property market.
If you’re considering commercial property investment in Yorkshire, here’s what you need to know to make informed decisions.
Why Invest in Yorkshire’s Commercial Property Market?
Yorkshire is home to major cities such as Leeds, Wakefield, York, and Bradford, each with unique opportunities for investors. Leeds, for instance, is one of the fastest-growing cities in the UK, making it a hotspot for office spaces, retail outlets, and mixed-use developments.
Wakefield and Bradford offer robust industrial and logistics hubs, driven by their strong transport links and affordability compared to other regions. York, on the other hand, combines commercial and cultural appeal, attracting businesses in tourism, hospitality, and tech sectors.
Yorkshire’s affordable property prices, compared to larger cities like London and Manchester, provide high potential for returns. With growing infrastructure, including improved rail and road links, and developments like the TransPennine Route Upgrade, the region is set for continued growth. This combination of affordability and development potential makes it a lucrative region for commercial property investment.
Types of Commercial Property Investment Opportunities
The Yorkshire property market offers a range of commercial property types, including:
- Office Spaces: With Yorkshire’s cities becoming major business hubs, office spaces in Leeds, York, and Bradford are in high demand. Leeds has a thriving financial and legal sector, while York is becoming a tech hub.
- Retail and Leisure: High Street retail and out-of-town retail parks continue to provide opportunities, especially in cities like York and Leeds, where tourism drives foot traffic. York’s Designer Outlet saw over 4 million visitors in 2023, an increase of 6% from 2022. Leisure facilities like gyms, hotels, and restaurants are also seeing steady growth, with new luxury hotels such as Grantley Hall increasing the luxury tourism economy in the region.
- Industrial and Warehousing: Yorkshire’s location in the North of England makes it a strategic choice for industrial investments. With its excellent transport links, the region is ideal for warehousing, distribution centres, and manufacturing spaces. Developers such as Caddick are creating new industrial units with 18.5million sq. ft. of employment space in the pipeline across Yorkshire and Lancashire, providing jobs to local people.
- Mixed-use Developments: Combining residential, retail, and office spaces, mixed-use developments are gaining popularity, particularly in city centres, where demand for live-work-play environments is increasing. Plans for a new South Village in Leeds will provide up to 1,925 homes, 650,000 sq. ft. of commercial space and plenty of landscaped areas centred around a village green.
How Bradley Hall Investment Services Can Help
Bradley Hall’s full-service approach to commercial property offers a comprehensive package for developers in Yorkshire. With years of experience in the Yorkshire property market, our expert team provide tailored advice to suit individual investor goals. We can assist with property sourcing, market analysis, financial planning, and ongoing property management, ensuring that your investment yields maximum returns.
Bradley Hall is well-versed in all aspects of commercial property investment, whether you’re a first-time investor or looking to expand an existing portfolio. Our local knowledge and connections can help you navigate the complexities of the Yorkshire commercial property market, from identifying prime opportunities to negotiating favourable terms.
Commercial property investment in Yorkshire presents a wealth of opportunities, particularly in key cities like Leeds, York, and Bradford. The region’s affordability, strong infrastructure, and diverse commercial sectors make it a hotspot for investors seeking growth. With the guidance of Bradley Hall investment services, you can make informed decisions that align with your financial goals and leverage the full potential of Yorkshire’s property market.
For more information, contact Paul on 0113 223 4868 or paul.andrew@bradleyhall.co.uk
