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Southampton offices rush of new schemes highlights optimism

By: Language: English Series: Property Forecast ; 10(06) June 2007, 12-13(2)Publication details: 2007Subject(s): Summary: Southampton's office market is about to undergo a positive surge, with recent uptakes high and further new developments becoming available. In 2006, a significant amount of refurbished office stock was re-let. Development came on-stream from redeveloped sites that had long been empty. A rush of new schemes is undergoing planning consideration, including both prestigious residential and commercial developments. The South Hampshire economy is looking buoyant as a result. The effects are hitting car parking, but council policies are beginning to encourage drivers to use public transport or travel out of peak hours.

Southampton's office market is about to undergo a positive surge, with recent uptakes high and further new developments becoming available. In 2006, a significant amount of refurbished office stock was re-let. Development came on-stream from redeveloped sites that had long been empty. A rush of new schemes is undergoing planning consideration, including both prestigious residential and commercial developments. The South Hampshire economy is looking buoyant as a result. The effects are hitting car parking, but council policies are beginning to encourage drivers to use public transport or travel out of peak hours.