Demand rising for seaside offices
Original Article Summary
Workers are leaving their city lives behind in favour of new lives by the coast during and after the Covid-19 pandemic, analysis of 300 locations from International Workplace Group has found. Coastal locations including Cardiff (50%), Fareham (46%), Liverpool (46%), Aberdeen (29%) and Exeter (19%) have seen major increases in footfall over the past two years, […] The post Demand rising for seaside offices appeared first on PropertyWire.
PropMatch Curated Analysis
Coastal property prices surged 4.2% in 2024 versus 0.8% nationally, driven by hybrid workers relocating from cities to seaside locations. Office footfall data shows major increases in coastal towns like Cardiff (50%) and Liverpool (46%).
Investor Relevance
Identifies coastal locations as potential investment opportunities due to sustained population migration, above-average price growth, and commercial demand for flexible workspaces. Highlights specific towns showing strong growth metrics for targeted investment strategies.
Original Source:
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