Write a commentTransaction values from commercial sales in the greater Newry region have increased by over 230% in the first half of the year, compared to figures from 2013, say Best Property Services.
The marked increase is a further indicator of an improving commercial sector which is upheld by this latest commercial report, also rising interest in city centre rental and the growing number of commercial properties coming onto the market this year.
Ciara Aiken says: “These figures are very welcome news as they herald confidence in the city of Newry as a good location for businesses which is a shift in the market compared with 2012/13 which were marked with the impact of the recession. We’ve had a significant number of city centre transactions in the first half of the year as more businesses find the traditional shopping centres desirable.”
As further proof that the city centre is very much ‘open for business’, Bests have announced two substantial lettings in recent weeks.
The Reed Partnership has agreed two office premises on Canal Street, Newry, making Newry the location of the company’s first Irish base.
Gerald Kelly has let the former JJB unit in the Creamery Quarter to one of the UK’s leading Bed specialists, Dreams.
Regional Manager Jon O Hara says it has been a very positive move for the company. “Already we’ve had a great response from customers and we’re delighted to be in the city centre in a spacious premise which is ideal to showcase our range of beds and sofas.”
