Efforts are being made in Hull to increase the availability of high quality office space for businesses seeking a base in the city.
According to the Hull Daily Mail, local property agents are raising the standard of accommodation in a bid to attract prospective tenants.
The news provider noted that a number of investments in some of Hull’s landmark buildings have created “attractive, modern premises”.
And with more ‘quality’ office space available in the city centre, there is more of an incentive for businesses to base themselves in East Yorkshire or at least expand into new premises.
“Over previous months, the lack of quality office space in the city centre has sparked concern among agents,” the news provider stated.
“A lack of Grade A office space meant properties were not meeting the demands of occupiers.”
However, Nick Pearce of chartered surveyors PPH Commercial reported that landlords are starting to bring forward refurbishment programmes on some of the centre’s existing office space.
And this is helping to meet continuing demand for better-quality premises from private sector operators.
“Although the market remains difficult, there are still pockets of demand and if you provide the quality space, even in the current market it will let, as companies take the opportunity at the end of leases to relocate from existing poor-quality buildings into more modern space,” Mr Pearce told the news provider.
He noted that many firms are seeking a better working environment for their staff and premises which can enable the business to function more effectively.
“Unless landlords are willing to complete a comprehensive refurbishment to at least provide Grade B office space with disabled compliance, their existing vacant buildings may well still remain empty,” the surveyor warned.