Top Commercial Real Estate Locations in Plymouth
Plymouth, a vibrant city in Devon, England, is renowned for its rich maritime history and stunning waterfront. As one of the UK's key regional economic hubs, it offers numerous opportunities in commercial real estate. Here, we explore the top commercial real estate locations in Plymouth that are attractive to businesses and investors alike.
1. City Centre
The heart of Plymouth is its City Centre, home to a diverse range of shops, restaurants, and offices. The recent redevelopment projects, including the Drake Circus shopping centre, have enhanced its appeal, making it a prime spot for retail and service-based businesses. With excellent transport links and foot traffic, the City Centre remains one of the top locations for commercial real estate.
2. Waterfront and Millbay
The Plymouth Waterfront is an iconic area featuring beautiful views and modern developments. The relocation of the ferry terminal and ongoing regeneration projects in Millbay make this area increasingly attractive for businesses in tourism, hospitality, and leisure. The waterfront location also attracts investors looking for premium offices and mixed-use developments.
3. Plympton
Plympton combines a suburban feel with easy access to the city. The area is ideal for businesses seeking a more cost-effective location while still being close to the amenities of Plymouth. With industrial parks and office spaces available, Plympton caters to a range of industries, from light manufacturing to professional services.
4. Derriford
Derriford is one of Plymouth’s major employment zones, primarily known for its medical sector, due to the presence of Derriford Hospital. This area is popular with healthcare-related businesses and has experienced significant growth in tech and research companies. With ongoing investments in infrastructure and business facilities, Derriford is a prime commercial location.
5. Tavistock Road
This major arterial road provides a bustling environment for commercial enterprises. Tavistock Road hosts various car dealerships, retail outlets, and business parks, making it a convenient spot for both consumers and businesses. The strategic positioning along this road enhances connectivity and accessibility, which is crucial for commercial success.
6. Academic Environment around the University of Plymouth
With a large student population, the area surrounding the University of Plymouth is a ripe market for businesses targeting young adults, such as cafes, retailers, and student accommodations. The university's push for innovation and entrepreneurship has also given rise to several startups, making it a vibrant area for commercial investment.
7. Plymstock
Plymstock offers a mix of residential and commercial opportunities. The area is currently undergoing several development projects, aimed at increasing its appeal and functionality. With its strong community feel and access to major routes, Plymstock is becoming an emerging location for businesses looking for space in Plymouth.
8. Langage Business Park
This industrial estate is strategically positioned near the A38 dual carriageway, making it an ideal choice for logistics and distribution companies. Langage Business Park hosts several established firms and is a key player in Plymouth's economy, offering ample space for industrial units and warehousing.
In conclusion, Plymouth boasts a varied range of commercial real estate locations, each catering to different business needs and industries. From the bustling City Centre to the serene waterfront and burgeoning business parks, investors will find plenty of opportunities to thrive in this dynamic city. As Plymouth continues to develop and revitalize its areas, now is an excellent time to consider commercial real estate in this thriving city.
