Employment Land Review 2012.indd - Calderdale Council

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include insurance providers and marketing and research companies who want modern units at lower rents with car parking. 4.4 The majority of the remaining office accommodation in East Calderdale is located in Brighouse town centre and serves the professional market such as accountants, solicitors and financial services. Occupiers are generally local but regional, national and international companies are represented. Demand 4.5 The table below indicates the average take up of office accommodation in East Calderdale over the last 8 years (excluding 2008) has been 1,590 sqm per annum. This is higher than in the 2008 ELR (1,110 sqm) and is largely due to a few large transactions such as Wilkin Royd Mills in Brighouse and Riverside House in Elland. Year Sqm Source: Focus 2003 2,016 2004 454 Table 4.1 Office Take Up, East Calderdale 2005 878 2006 1,125 2007 1,077 The Industrial and Warehouse Market Profile 2008 Not available 2009 2,924 2010 3,682 Average 1,737 4.6 East Calderdale has the strongest industrial/warehouse market in Calderdale. The area benefits from close proximity to the M62 and the availability of flat land. As an industrial location it competes with other areas along the motorway corridor such as Trident Business Park in Huddersfield. There are several international companies located in the area as well as some large local companies such as Marshalls. Demand 4.7 The average take up of industrial and warehouse accommodation in East Calderdale over the last 8 years (excluding 2003 and 2008) has been 10,986 sqm per annum. These figures are higher than those in the 2008 ELR. Year Sqm Source: Focus 2003 Not available Table 4.2 Industry and Warehousing Take Up, East Calderdale 2004 19,092 2005 11,740 2006 8,866 2007 3,258 The Property Market 2008 Not available 2009 12,602 2010 10,355 Average 10,986 15 4 Employment Land Review 2012 - Selective Update Calderdale MBC
16 4 Calderdale MBC Employment Land Review 2012 - Selective Update The Property Market Conclusion 4.8 East Calderdale continues to be an attractive location for businesses, competing successfully in the M62 market for high-value occupiers. There appears to be a good level of supply and demand within the market. However as noted in the 2008 ELR there does appear to be a few possible areas of shortage.The first is for large industrial units where supply is restricted by a lack of large flat sites. There also appears to be some shortage in smaller units for both industry and office accommodation. Halifax 4.9 The Halifax area comprises the contiguous urban area of Halifax including Sowerby Bridge. Halifax, Calderdale's largest settlement, is located approximately 5 miles north of the M62, accessed either via the A629 or A58. Both of these routes suffer from congestion at peak times with bottlenecks noted at Salterhebble on the A629 and at Hipperholme and Stump Cross on the A58.The 2008 ELR indicates these bottlenecks act as a deterrent to business from locating in Halifax, particularly if motorway access is important. 4.10 The major employment sectors within the area are the public sector and the banking, finance and the insurance sector with Lloyds being the major private sector employer. The Office Market Profile 4.11 The office stock is characterised by converted mill buildings, such as Dean Clough which attracts both regional and national occupiers. Holmfield Mills is another successful conversion providing accommodation for both office and industrial uses. 4.12 Halifax town centre contains a lot of secondary office accommodation due to limited speculative developments over the recent past. This has resulted in a high proportion of office accommodation not meeting modern requirements. Demand 4.13 The average take up of office accommodation in Halifax over the last 8 years (excluding 2008) has been 3,250 sqm per annum. These figures are slightly lower than the average in the 2008 ELR, 3,297 sqm. Year Sqm Source: Focus 2003 3,984 2004 1,837 2005 377 Table 4.3 Office Take Up, Halifax 2006 6,376 2007 3,909 2008 Not available 2009 4,016 2010 2,250 Average 3,250
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