Transformations in Commercial Real Estate

Car parking and the availability of outside space is more important than environmental or sustainability considerations when it comes to attracting occupiers to the majority of industrial and office space, according to Sibley Pares associate Ned Gleave.

Sibley Pares tops the Radius On Demand Rankings for Kent in terms of deal numbers so far this year, with 94 completions totalling 344,000 sq ft of space.

Gleave, who operates largely across Kent’s industrial market, says environmental considerations such as solar panels and EV charging are still considered sweeteners rather than necessities and that parking is often a more important factor than the building itself. He is also hopeful a middle ground can be found regarding regulation on future EPC minimum standards.