Maidenhead is changing. If you have visited recently you’ll have the seen the town centre continue to experience significant regeneration.
Work is now underway on three different residential-led schemes at different ends of the town centre, with vacant buildings being demolished and new apartment blocks planned. There will also be new retail and public amenity offerings.
All this development is very exciting, and good news for the town’s long term success and vitality, but maintaining town centre business space is critical to ensure Maidenhead continues to attract and retain commercial occupiers- A vital component of the local economy.
Grade A office supply continues to tighten notably 30% below the five year average. With a recent letting of The Pearce building, and existing supply being lost to either residential conversion or permitted development, just 12% of office stock in Maidenhead town centre is Grade A space.
In recent months we have seen several significant occupiers either relocate out of Maidenhead or focus on out of town options, often citing a lack of high quality space and adequate parking in the town centre.
Today’s modern office occupier seeking new space typically requires a best-in-class contemporary designed building with good natural light and flexible floor plates to accommodate both open plan workspace alongside meeting rooms and break out areas.
The best recent example that we have seen of this is the Lantern office building on Marlow Road Developed by Berwick Hill Properties, Lantern is the first speculative office development to complete in the town centre in almost 3 years. Located close to both the train station and High Street, in a highly prominent position overlooking both the Bath Road (A4) and Kidwells Park, Lantern provides an impressive new addition to the Maidenhead skyline.
With this exceptional business space offering, Lantern has switched on Maidenhead office supply and is already being well received by potential occupiers and local business stakeholders alike.
By offering the option of fitted space here, Lantern will also help to attract and retain Maidenhead occupiers in the town centre, prior to the delivery of further new commercial ,retail and residential schemes, commencing in the town centre over oncoming months. Maidenhead undoubtedly has a bright future ahead with Lantern leading the way.