GJS Dillon predicts surge in commercial property market following election result

John Dillon

John Dillon, Worcester-based commercial property company GJS Dillon’s Managing Director has predicted a surge in commercial properly transactions following the election results.

“The election is finally behind us and with the Conservative Party remaining in power with a people’s mandate allowing Brexit to finally take place, the next 12 months in the Commercial Property market look extremely positive.

“During the run up to the election we saw uncertainty creeping into the market with companies clearly needing to expand their business operation but showing reluctance to do so with so much political uncertainty and fall out from a potential no deal Brexit.  Now that we have certainty, we expect enquiries for commercial property to increase dramatically which means that arguably there is no better time since the 2016 Brexit referendum to be selling or letting commercial property.

“Stock levels across the county for modern office and industrial properties still remain extremely low which presents great opportunity for developers. We as a practice are constantly on the lookout for sites in Worcestershire that are suitable for accommodating new offices or industrial units. This means we can retain existing businesses who are looking to stay and grow in the County as well as attracting new businesses over the next ten years and beyond.

“With the recent political uncertainty now well and truly behind us, and a Government that has promised us that Brexit will happen, we feel that 2020 will be a really strong year for the commercial property market. We at GJS Dillon are really looking forward to having discussions with the multitude of companies, individuals and developers who understandably have held back over the last six to twelve months to see which way the tide would turn.”

Sajid Javid was returned as Bromsgrove MP with increased majority and Nigel Huddleston held Mid-Worcestershire for the Conservatives. Rachel Maclean won Redditch for the Conservatives and Harriet Baldwin held West Worcestershire for the Conservatives. Conservative Robin Walker was re-elected in Worcester and Mark Garnier also held Wyre Forest for the Conservatives.