Raybould reports 35,000 sq ft of Derby office market deals

Commercial property specialist Raybould & Sons has said Derby’s office market is improving post-pandemic after reporting 35,000 sq ft of new deals.

The firm has announced a series of office transactions it has completed on behalf of various clients over the last six months.

The largest was the letting of 2 Roundhouse Road, on Pride Park, which was for 13,000 sq ft.

Staying with Pride Park, it has done deals in Mallard Way (1,335 sq ft) and at Melbourne Court (1,600 sq ft).

On the Wyvern Business Park, it has completed lettings at Lincoln House (4,200 sq ft), Wyvern Court (764 sq ft) and York House (4,132 sq ft).

In the city centre, it has done deals for two properties (3,250 sq ft and 1,653 sq ft) in Iron Gate, in the Cathedral Quarter – and let 5,000 sq ft at St Alkmund’s House, in Belper Road.

According to Martin Langsdale, of Raybould & Sons, there are more office transactions are already in the pipeline.

Trevor Raybould, of Raybould & Sons, said: “The office market is being driven by certain sections of industry and commerce who have definitely expanded during the pandemic due to the specific services and products they provide and by firms who have won major government contracts in respect of infrastructure projects.

“Conversely, some firms are downsizing to smaller offices.

“Derby is also an established city for engineering services and some inward investment is based on benefiting from this established expertise in the city.”

Raybould & Sons is currently now offering a further 20,000 sq ft of modern offices at the Wyvern Business Park, Pride Park, the Cathedral Quarter and outlying areas and is inviting enquiries on a freehold or letting basis from interested businesses.