More commercial stock is desperately needed, says Bromwich Hardy

A new report into the state of the regional commercial property market has been launched by a Coventrybased property company and highlights a desperate shortage of stock.

The first annual Bromwich Hardy Barometer contains facts and figures about the office and industrial market across Coventry and Warwickshire.

Partner Tom Bromwich said it clearly demonstrates the need for more newbuild commercial stock to be built across the region. “The previous 12 months have been challenging in many parts of the market,” he said. “The national political backdrop, dominated by Brexit and culminating in the general election, was a constant source of frustration to the business sector and undoubtedly affected investment decisions.

“Closer to home, a shortage of highquality, newly-built stock remains an issue across this region – and is likely to do so for some time yet. In four of our local authority areas there is no new office space under construction at all and the picture is only marginally better when it comes to industrial development.”

The Barometer was launched at a reception at the Leamington Tennis Court Club with a presentation by partner David Penn.