The commercial property market across Lancashire and South Cumbria has continued to show encouraging signs during the first half of 2026, although activity levels have varied depending on property type and location.

One trend we have noticed is an increase in instructions relating to secured lending. These have included both the refinancing of existing properties and the acquisition of new commercial premises. This suggests that many business owners, investors and developers remain willing to commit to property despite the wider economic and political uncertainty that continues to dominate the headlines.

Earlier in the year, there was a noticeable slowdown in activity following events in the Middle East and concerns about their potential impact on the global economy. However, this uncertainty appears to have eased in recent weeks, and activity levels have picked up once again. The general sentiment among many businesses is that, while global events will always create challenges, there remains a need to invest, expand and move projects forward.

The market itself remains somewhat mixed. Well-located properties continue to attract strong interest, particularly where freehold opportunities are available. In fact, there appears to be a shortage of certain types of freehold commercial property across parts of the region, helping to maintain demand and support values.

Industrial property continues to be one of the strongest sectors. Workshops, warehouses and industrial units remain popular with a wide range of occupiers, and demand generally continues to outstrip supply in many locations.

By comparrison, the office market remains quieter. While there is still demand for high-quality office space in the right locations, many businesses continue to review their accommodation requirements, and overall activity remains relatively modest.

Perhaps the biggest surprise has been the retail sector. While some traditional high street locations continue to face challenges, there has been a healthy level of activity in convenience retail properties serving established residential areas. Shops in strong local trading locations continue to attract interest from investors, demonstrating that the right property in the right place can still perform well.

As we move into the second half of the year, the outlook remains cautiously positive. While market performance is not consistent across all sectors, there is a good level of activity and confidence, particularly for well-positioned properties that meet the needs of modern businesses.

If you would like to discuss the current commercial property market, obtain advice on a proposed acquisition, or simply understand how these trends may affect your property interests, please contact us.