Employment Land Review 2012.indd - Calderdale Council

The Industrial and Warehouse Market
Profile
4.14 The industrial/ warehouse market within Halifax is predominantly locally based firms.
It is more suitable for manufacturing than warehousing uses due to its less favourable
location to the motorway.
Demand
4.15 The average take up of industrial accommodation in Halifax over the last 8 years
(excluding 2008) has been approximately 5,600 sqm per annum. These figures are
slightly higher than the average in the 2008 ELR, however much of this is due to a
few large transactions particularly in 2010.
Year
Sqm
Source: Focus
2003
3,474
Conclusion
2004
5,393
Table 4.4 Industry and Warehousing Take Up, Halifax
2005
6,608
2006
6,091
2007
3,741
2008
Not
available
2009
3,190
2010
10,451
Average
5,564
4.16 The 2008 ELR noted Halifax is oversupplied in terms of office accommodation. Much
of this supply is, however, older stock unsuited to modern working practises.
Accommodation such as Dean Clough and Holmfield Mills do provide a good supply
in the short-term. In terms of industrial premises the supply is qualitatively poor and
new speculative development is often not financially viable without public sector
support, partially due to poor accessibility. There is little evidence that the market has
changed since the 2008 ELR. However, any significant redevelopments within the
town centre could provide new modern accommodation. Edge and out of centre sites
such as the new developments at Ladyship Mills, Boothtown and the forthcoming
Copley Valley scheme will undoubtedly assist short-term needs.
West Calderdale
4.17 West Calderdale is remotely located from the motorway network and employment
development is restricted due to the lack of flat land which is not prone to issues of
flood risk. The main settlements are Mytholmroyd, Hebden Bridge and Todmorden.
The Office Market
Profile
The Property Market
4.18 The area is most attractive to the local market due to its remoteness. The majority of
the stock is located in and around Mytholmroyd. The new Ripponden Business Park
of the A58 may be more appealing to a wider market due to its proximity to junction
22 of the M62.
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Employment Land Review 2012 - Selective Update Calderdale MBC