EG Property Podcasts
Voice of the Region: Kent – the race for parking space
Nov 8, 2024
Ned Gleave, an Associate at Sibley Pares, specializes in industrial property in Kent. He reveals that car parking and external space often outweigh sustainability concerns for attracting tenants. Gleave discusses Kent's strategic advantages, like its road networks, which have boosted demand for warehouses post-COVID. He shares insights on unique property conversions, such as former takeaways becoming veterinary practices, and highlights the regulatory challenges landlords face. Ultimately, he points out the importance of finding a balance in future energy performance regulations.
30:49
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Quick takeaways
- Parking accessibility is prioritized over sustainability features in attracting occupiers to Kent's industrial and office spaces.
- The shift from traditional retail to adaptive reuse demonstrates a changing market dynamic where location and regulatory compliance are increasingly critical.
Deep dives
Kent's Industrial Market Appeal
Kent's strategic location plays a crucial role in attracting businesses, particularly in the industrial sector. The county's well-connected road network, linking London to the north and the Port of Dover to the south, makes it a prime spot for logistics and distribution. Areas like Ashford and Maidstone have seen a shift in demand, especially post-COVID, as many businesses seek larger warehousing spaces due to the rising trend of online shopping. This reflects a broader regional trend where industrial properties are becoming increasingly favored over traditional retail units.
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