Shops in Stanmore do not currently seem to be trading as well as they have been over the years which I am sure is simply a sign of the times.
I used to own a fair bit of property in Stanmore and therefore know the market there like the back of my hand. It has always been a good local town with a loyal customer base but shops in Stanmore seem to be losing business to shopping centres such as The Harlequin and Brent Cross and nearby retail parks such as Watford and Borehamwood.
Those who own shops in Stanmore must be feeling the pinch. Consumer spending is at an all-time low caused by several factors including increased taxes, rising unemployment and inflation. As long as these problems persists, and shops in Stanmore continue to struggle, vacancy rates will increase, commercial property values will decline and demand will fall.
If you own shops in Stanmore, and are thinking of selling, call us today.