Top Locations for Commercial Real Estate in Newcastle upon Tyne
Newcastle upon Tyne is rapidly emerging as a vibrant hub for commercial real estate. With its rich history, innovative businesses, and strategic location, it's an attractive spot for investors and entrepreneurs alike. Here’s a look at the top locations for commercial real estate in Newcastle upon Tyne that are worth considering.
1. Quayside
One of the most iconic areas in Newcastle, the Quayside offers stunning views of the Tyne Bridge and the Sage Gateshead. This area has seen significant redevelopment, making it perfect for modern office spaces and thriving restaurants. The combination of scenic aesthetics with a bustling atmosphere makes it ideal for businesses looking for high foot traffic.
2. Ouseburn Valley
The Ouseburn Valley is known for its creative industries and cultural enterprises. It is home to numerous art studios, music venues, and startups, attracting a younger demographic. The revitalization of this area has made it increasingly appealing for commercial real estate, particularly for businesses in the arts, media, and technology sectors.
3. City Centre
Newcastle's city center is the beating heart of the region's commercial activity. This area boasts a mix of retail, hospitality, and office spaces. With high footfall and excellent transport links, investing in commercial property here is ideal for those looking for accessibility and visibility. The presence of several shopping centers and major corporations strengthens its appeal further.
4. Baltic Centre for Contemporary Art
Situated on the Gateshead side of the river, this area is not just an art venue but also a vibrant commercial space that encourages innovation and creativity. The proximity to the arts makes it a prime location for businesses that align with creative industries. Moreover, the surrounding developments offer excellent opportunities for commercial real estate investments.
5. Science Central
For tech startups and businesses in the science sector, Science Central represents a unique opportunity. The area is dedicated to research and innovation, with excellent facilities and collaboration opportunities. As Newcastle strives to enhance its reputation as a city of science and technology, commercial real estate in this location is expected to grow significantly.
6. Byker
Byker is an up-and-coming area that is increasingly attracting businesses due to its affordable real estate prices and community-focused developments. The local government is investing in infrastructure and amenities, making it a suitable option for small to medium enterprises, particularly those aimed at the local market.
7. Walker
Walker is seeing a regeneration of its economy and infrastructure. It's an excellent choice for businesses looking for lower overhead costs without sacrificing on location benefits. With ongoing developments and a supportive network for businesses, Walker represents a promising option in Newcastle’s commercial real estate landscape.
8. Forth Banks
This area, located just outside the city centre, offers a blend of industrial and office spaces. Forth Banks is particularly appealing to logistics and distribution businesses due to its proximity to key transport links, including the A1 and rail connections. As Newcastle continues to expand its commercial footprint, Forth Banks stands poised for growth.
In conclusion, Newcastle upon Tyne presents a variety of dynamic locations for commercial real estate investment. From the bustling City Centre to the creative Ouseburn Valley, each area offers unique advantages that cater to different business needs. As the city continues to evolve, these locations will undoubtedly remain at the forefront of commercial development.
