YORK continues to be a much sought-after location thanks to its historical value and business connections, a new survey reveals.
A report from FPDSavills Commercial Team, in York, reveals that the city's links with railway engineering, construction, confectionary and science and technology has all helped add to a "buoyant" market.
Matthew Tootell, senior surveyor, said the market in York had continued to mature with "prime locations being offered at rents of £14.50 per square for and freehold values of £170 per square foot for office developments both in an out of town".
"Overall, the market still appears to be very active with speculative development occurring on a number of sites in and around York," Mr Tootell said. "Development sites continue to be aggressively sought and purchased with parties bidding well in excess of their expected values.
"The property market overall then is performing well across all sectors with some emerging more strongly".
Updated: 11:44 Tuesday, June 24, 2003
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