Investment, Regeneration & a city full of buzz
With years of experience advising clients across multiple sectors, Paul Fairlamb Senior Associate Director at youngsRPS, commercial property expert, and lifelong NUFC fanshares insights from the latest Commercial data from the likes of Rightmove and CBRE.
He explores how leasing and investment demand is shifting positively as the economy stabilises and interest rates begin to fall.
A city poised for growth
From ambitious regeneration schemes transforming the city skyline to a thriving commercial property sector and the unstoppable momentum of Newcastle United, the city is undergoing a remarkable revival. It’s an exciting time to be part of the North East’s evolving story, and atention is firmly fixed on what’s next.
While there have been some recent price dips, overall investor confidence is returning-particularly within the commercial property sector.
Key city centre projects-from the transformation of Northumberland Street and Grey Street to the revival of Grainger Market and the recent opening of the Dakota Hotel on Newcastle’s Quayside (the former Womble Bond Dickinson (UK) LLP office and marketed by youngsRPS-are breathing new life into historic areas. Major developments like Pilgrim’s Quarter, Quayside West and Founders Place are unlocking opportunities across business, housing and innovation.
Investment is also flowing into cultural venues, university-led research hubs, and regeneration zones like Forth Yards and Ouseburn. Newcastle is fast emerging as a modern, connected and vibrant place to live, work and invest.
Toon Toon: A catalyst for pride
You can’t talk about Newcastle’s current buzz without mentioning the impact of Newcastle United. The team’s recent success and standout performances at St James’ Park have boosted the city’s collective spirit.
Regardless of individual interest in football, the wider effects are clear-improving morale, increasing tourism, and driving footfall to local businesses. It’s a win for the club, but also a major boost for the city’s economy and identity.
Regional highlights: A snapshot of the North
Industrial leasing demand rose significantly in the North East (+29%), driven by the region’s growing logistics and e-commerce sectors.
Retail leasing increased sharply in the North East (+35%) thanks to renewed investment in high streets and retail parks.
Investment demand across the North also rose, with the North East (+23%) and Yorkshire (+31%) leading the wayshowing a clear resurgence in confidence.
Looking ahead to 2025: Opportunities for growth
The North of England’s commercial property market looks set for further growth in 2025. Industrial and logistics demand is expected to remain strong, particularly in the North East, as businesses continue expanding to meet e-commerce needs.
Modern, energy-efficient office spaces will be increasingly sought after, as companies look for high-quality, well-located workplaces. The leisure and hospitality sectors will also benefit from regeneration schemes that attract both consumers and investors.
With sustainability taking centre stage, developers and investors have a clear opportunity to upgrade outdated stockensuring properties meet modern efficiency standards and remain competitive in the long term.
With a resilient commercial property market, ambitious redevelopment plans, and a football club reigniting civic pride, Newcastle is well-positioned for continued success. The city’s mix of historical character and forward-looking innovation makes it a compelling destination for investors, businesses and residents alike.
For expert advice on leasing and investment opportunities, contact the youngsRPS Commercial Property Team today.
www.youngsrps.com