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webdev Commercial property has a huge range of different uses. From shopfronts to office blocks and from garages to hairdressers, commercial property is always in demand and often fetches high prices.
For this reason, commercial property is a sound investment. If you’re looking to grow your portfolio, it’s worth researching which UK cities can offer you the best bang for your buck when it comes to investing in commercial property. We’ve listed the top cities in the UK below.
London
London is a great city for investors looking to get into the commercial property market. It has a strong economy and is home to some of the world’s largest businesses. The city is a major hub for finance, technology, and other industries, which makes it an attractive option for investors.
London also has a wide range of amenities, excellent transport links, and a vibrant cultural scene, making it a great place to live and work. The property market in London is very competitive and prices can be high, so investors should do their research and ensure they have a good understanding of the market before investing.
Best areas in London to buy commercial property include the City of London, Mayfair & Knightsbridge, the West End, South Bank and Canary Wharf. Which of course makes Putney another great area for investors looking for commercial property in London. It is a popular area for businesses, as it offers easy access to all the above and benefits from the geographical attraction.
Liverpool
Liverpool is one of the largest cities in the UK and has long been a hotbed of commerce and business activity due to its historic central harbour. The city’s economy has grown considerably in recent years, fuelled by an influx of both domestic and foreign business interests.
If you’re looking for somewhere to invest in commercial property, Liverpool could be perfect. Liverpool storage options are plentiful, giving you the extra space and capacity you need to start your property empire.
Glasgow
Once hailed as the ‘second city of the British Empire’ Glasgow has a long-standing reputation as an industrial powerhouse where businesses can flourish and boom. Despite a dip in the 1980s where Glasgow industries faltered, the city has roared back to life and is now one of the largest economies in the UK.
It’s a global city that is home to a huge variety of different businesses, including from the media, healthcare and manufacturing industries.
At its heart, Glasgow is a working town. This means you will not be short of opportunities if you come to Glasgow to grow your commercial property investment portfolio.
Manchester
Manchester is a cultural hub famed for its contribution to art and music. However, it’s also a booming economy, one of the fastest growing in the UK. The city has seen considerable investment over the past year and has attracted a number of exciting tech startups.
As such, the demand for commercial property is on the increase. This is excellent news for the shrewd investor, get in there quickly and get a foothold in what is an ever-growing market.
Birmingham
Birmingham is the second-largest city in the UK, pipping cities like Glasgow and Manchester by some distance. What this means is that Birmingham has a strong and vibrant business scene. Industries in the city include banking, insurance and jewellery.
Jewellery, in fact, is what Birmingham is famous for. The city’s Jewellery Quarter dates back to the 1500s and has remained one of the largest jewellery-dedicated districts in Europe.
Jewellers always need property to open their stores, so investing in commercial buildings in Birmingham could give you access to this niche but lucrative market.
Edinburgh
Edinburgh has a long and rich history of business and entrepreneurship. The Scottish capital has been a hub for banking and finance for centuries and was the epicentre of the cultural and educational renaissance in the 1600s.
This tradition lives on today, with Edinburgh regularly ranked as among the best cities in the UK for businesses and individuals alike. Despite its relatively small size, the city is packed full of exciting companies and huge global brands. What this means is that commercial property is always in high demand, so the potential is there for big money if you invest wisely.
Conclusion
There are few sound investments as good as property. Land is a finite resource, if you can add some valuable property to your portfolio, you’re likely to see a return in the future. Use this guide and choose the best UK city to explore when investing in commercial property.
