Our Teesside office has enjoyed a busy third quarter working with property occupiers, owners and investors across the region.

Over the past three months we have been instructed to market just over 40,000 sq ft of industrial, retail and office space in Teesside, bringing some new stock to the market following a raft of acquisitions earlier this year.

George Williams, agent in our Teesside office, commented, “Despite traditionally being a quieter time of year we have experienced an active market with high levels of demand for a number of properties, and are delighted to have seen some key deals get over the line.

“We’ve had some great new instructions, which include two residential development sites in Teesside, totalling just over 5 acres, and a fantastic £13 million residential investment opportunity in Middlesbrough.”

We have also valued over £12million worth of commercial property during the quarter, and provided development appraisals on over 26 acres of land, across multiple sites, for a national house builder.

Matthew Clarke, head of valuation in our Teesside office commented, “We continue to see commercial property valuations across all sectors in the region remain high. Over the past quarter we’ve seen a buoyant investment market, especially on industrial properties, and an increasing number of transactions with owner occupiers in the office market.

“On the residential side, we continue to see increasing appetite in new builds, and the work we’ve been doing for a national house builder in the region is testament to that.”

David Fairley, joint head of our Teesside office added, “It’s fantastic to see so much going on in the Teesside property market and we’re delighted to be working alongside so many of the regions owners and occupiers to keep that going.

“We have a number of exciting new deals and jobs in the pipeline, and expect to see the market remain active over the final quarter of the year.”