CBRE opens new office in Sheffield

29/07/2010

Property consultancy firm CBRE is expanding its operations in the Yorkshire region, with the opening of a new office in Sheffield.
Industry experts Toby Vernon and Roger Haworth will take charge of the new office. They will work in coordination with their colleagues from the firm's Leeds office.
Currently, the consultancy firm is engaged in projects at Sherburn Distribution Park, Sheffield Business Park and Robin Hood Airport. The launch of the new office takes place after CBRE acquired M3 Agency.
Mr Haworth, senior director at CBRE Sheffield, said: "As we move into the third quarter of 2010, we are witnessing positive signs of recovery within the regional industrial and logistics market with 1.3m sq ft of take-up in the last month alone from deals such as ASOS at Crossflow, Barnsley who have taken a 530,000 sq ft distribution centre, MTL Group at J34 in Rotherham and Amazon who have signed up on 415,000 sq ft in Doncaster.
"This signals a positive start in terms of an upturn in the market as enquiry levels are currently good for the larger available stock.
"The lack of new space coming to the market will increase competition for existing stock resulting in improved rental values and the eventual return of new development within the region."
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