Date
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Property Agency

Eddisons shares highlights of 2021 and predictions for 2022

Businesses from across South Yorkshire were recently invited to discuss the highlights of 2021 and share their predictions for 2022 with Insider Media.

Adrian Lunn, head of Eddisons’ Sheffield office, shares his thoughts on the commercial property market, following a ‘rollercoaster of a year’ due to the challenges and economic uncertainty Covid has flung at the city.

“Since our launch we’ve been fortunate enough to work with a diverse range of clients that are helping to shape the future of Sheffield,” he said. “They include universities, local authorities, banks and government departments. In the summer we were appointed as an estate management services supplier to the Government’s national procurement framework, which means we can now deliver property support services to the public sector.

“Because the pandemic has changed work patterns, this is changing the nature of demand for city centre office space in Sheffield. We are seeing that it is very much down to individual organisations what their requirements will be as they adapt to living with the virus, and the professional firms we advise are taking many different approaches.

“Some will not desk-share, while others are looking at reducing their city centre footprint and opting for open-plan space in a suburban location with generous car parking. We’re continuing to see strong demand from developers for character buildings that will make interesting office refurbishment projects and we believe we may see grade A rents start to move up in 2022.”

Eddisons’ agency division, headed by partner Stephen Hawkins, operates from 9 offices across the UK including London, Cambridge, Peterborough, Liverpool and Leeds. The company have ambitious plans to expand into new locations through further acquisitions.

To read the full Insider Media article visit https://www.insidermedia.com/news/yorkshire/south-yorkshire-firms-optimistic-on-2022-prospects