OFFICE business parks in the North West are not yet benefiting from the renewed optimism in the commercial property sector, according to new research.
Simon Reynolds, head of offices at GVA Grimley in the North West, said: “Take-up in the North West, in the second half of 2009, appeared to be much higher than expected but the regional average was distorted due to two major deals.
“The recorded average in the North West was 60% on the five-year average, which gives the impression the market is more buoyant when, in reality, business parks remain slow to catch on to signs of optimism.
“There were, in fact, few significant private sector deals recorded.”
