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News - 5 February 2004
Commercial Property Shortage In South
More than two fifths of small businesses in the south struggle to find suitable business accomodation. The Spacia Small Business Property Monitor indicates that 45% of SMEs cannot find property and are calling for better information sources and more flexible leasing terms.
According to Spacia the situation has worsened over the last year. Nearly two thirds of companies claim that finding a property at the right price is the problem while one third say that security is the big issue.
The report concludes that supply of commercial property is not in tune with the demands of the SME sector in terms of quality or quantity.
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