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.