Property Market Analysis
Tees Valley Combined Authority
Whilst at AspinallVerdi Stuart Cook, Director at Urbà was instructed to undertake an Industrial Workspace Availability Study. The purpose of the study was to identify where the Combined Authority should prioritise investment of up to half a billion pounds.
Stuart was project lead supported by co-consultant Stantec. Stuart led on the analysis of the demand and supply of the industrial and office markets to reflect the priority sectors identified by the Combined Authority. For the purpose of the commission the industrial market comprised; process chemicals and energy, advanced manufacturing and logistics. The office market comprised; general offices, digital, professional and business services, health & biologic and culture and leisure. The analysis considered the quality of the existing stock to meet current and existing demand.
Stuart provided recommendations on the types of interventions the Combined Authority should make to support the growth of each of the priority sectors.
Kent County Council
Woodcut Farm Planning Appeal
The appellant was seeking a planning permission for a mixed commercial development comprising B1(a), B1(b), B1(c) and B8 units with a maximum floorspace of 500,000 sqft. The council expressed concerns regarding the proposed mix of floorspace and sought market evidence to establish whether there was a more favourable mix than aligned with their policy aspirations (i.e. a greater amount of office space) for the site.
Whilst at AspinallVerdi Stuart Cook, Director at Urbà was instructed to analyse the office and industrial market in Maidstone. Stuart analysed availability through a combination of site visits and advertised properties. This soon established that the industrial market was very tight. The work was extended to consider the functional economic market area (FEMA).
Stuart provided the client with a robust report of the findings to enable them to assess how to best progress the appeal.