Tag: milena horrocks

Land and Property Professionals

We sell, rent, manage, survey, plan and advise...what can we do for you?

Bedford: 01234 351000 (Sales, lettings and viewing enquiries)
01234 352201 (Professional services and general enquiries)
Buckingham: 01280 428010

2023 saw the commercial market witness a period of stagnation due to a significant uplift in interest rates and inflation. The office and retail sector were most affected.

It is thought that interest rates have now peaked, and there are obvious signs that the rate of inflation is falling as we enter the second quarter of 2024. This in turn has had an impact on the commercial market. We have witnessed an uplift in office enquiries with more businesses demanding a more consistent office attendance, rather than home working.

The retail sector is still experiencing challenging market conditions, with short-term lettings being favoured by tenants, who want the comfort of knowing that if trading does not go as hoped, they are not committed to long-term contracts.

The industrial and warehouse market is still seeing a proficient level of demand. Pre-pandemic, High Street retailers were the dominant occupier of warehouse space. Now, the largest increase in occupation is by online retailers, who have increased their footprint from 8 million sq ft to 69 million sq ft nationally, a rise of 813%.

The supply of new units is very limited, and the development pipeline will remain restricted, given the constraints on construction and labour costs. This is beneficial for the owners of any existing high-quality buildings.

Competition amongst occupiers for existing and new build commercial units has helped maintain upward pressure on rental values. There are expectations of a further rental growth in the year ahead, as reported in the RICS UK Commercial Property Survey.

For more information or to find out how our Commercial department can help you, please contact Milena.

Milena Horrocks

Milena Horrocks joined Robinson & Hall in April 2023 and was appointed as Commercial Property Manager taking responsibility for commercial agency and property management.

With 13 years of experience, Milena brings a wealth of knowledge in residential and luxury properties having been Head of Operations and Property Management at Madley Property, a boutique estate agency in London. The client-side experience has given Milena the best possible grounding and insight for a career in property management and has tailored the professional services that she provides to our valued clients.

Since joining our highly experienced team, headed by David Watling, our Commercial department has taken over the estate management of two well-established blocks of office/industrial properties in St Neots and Sandy, broadening our management portfolio. Currently we manage a variety of commercial properties including retail, office, and industrial premises as well as mixed use buildings throughout the region.

There is always a strong demand for a responsive and efficient property management department, particularly at a time when the market is experiencing significant disruption across all sectors. Here at Robinson & Hall we aim to build relationships that last and develop long-term partnerships with our clients. Our clients are at the heart of everything we do. They appreciate that they have a dedicated Property Manager who provides the best professional service in a truly bespoke and tailored manner.

Robinson & Hall’s Commercial Property Services offer:

If you need a professional property management service, please get in touch with David Watling, Head of Commercial Property, on 01234 362934 or Milena Horrocks, Commercial Property Manager, on 01234 362939.