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Peterborough UK
08:29 on Wednesday
7 March 2001

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Positively Peterborough

Survey shows growing demand for City Centre


The City Centre Forum has just finished its latest survey of who's where in the City Centre. The Property Survey carried out every quarter, identified over 1000 units in the "core" of the City. A clear trend shows that Peterborough has low levels of vacant retail and leisure property, but still has plenty of vacant offices in its City Centre. The good news is that July has seen a small but significant fall in vacancies in every property sector.

The Forum - which co-ordinates the interests of the city council, local businesses and other organisations - aims to attract more visitors to Peterborough city centre by improving the range of leisure and shopping activities which are available.

Sue Bolter, the City Centre Manager said: "Every three months I look at each building in my "patch" to see who is were. I was pleases to see that construction work is well underway at the exciting New Road leisure development. I sound only 6 vacant leisure properties in the whole of the City Centre! While the city has good representation from national leisure operators, in terms of business opportunity, there is a clear gap for more up-market cafe/bars that will lead with design, style and character."

In addition, the City Centre Forum has seen the appreciation of domestic property prices throughout the London basin and the encouragement this gives to the growth of external commuting. Low local and national unemployment means that more people have the money to go out and enjoy themselves. The Forum believes that Peterborough is well placed to benefit from these future trends and should start to look now at converting some of its older office property to provide for the potential increasing demand and fill an important vacuum in the city's economy.

If you would like your own copy of the Property Survey call Sue Bolter, City Centre Manager. 

July 2000

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Contact:
Sue Bolter
City Centre Manager
Stuart House, City Road
Peterborough
PE1 1QF
Tel: 01733 890808 Extn: 242

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