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North East trade park deals point towards sector recovery

Notes - North East trade centres show positive recovery and growth - SantanderCB

North East trade centres are undergoing a resurgence, with positive recovery and growth in the sector evident through a plethora of suppliers taking up new space. Toolstation and City Plumbing Supplies are the latest national occupiers to commit to the Tyne Tunnel Trade Park, together taking nearly 11,000 sq ft. Uptake at the Tenth Avenue Trade Park, based in Team Valley, complements goings on at the Tyne Tunnel, suggesting a renewed confidence in the sector. Mark Proudlock, partner at logistics & industrial agency Knight Frank, says the lettings underline the strength of the trade sector in the region, with well located trade parks now securing rental levels in excess of those achieved even pre-recession.

 

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