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2021
kent
property
market

THE ANNUAL GUIDE
TO INVESTMENT &
DEVELOPMENT IN KENT

Welcome

Now in its 30th edition, the Kent Property Market Report provides an invaluable insight and analysis of the performance of the area’s property by sector and the key projects supporting the county’s growth and economic development.

The Kent Property Market Report is produced by the Economic Development Division of Kent County Council in partnership with Caxtons Chartered Surveyors and Locate in Kent.

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market
overview

While the pandemic continues to overshadow life and the economy, the last year has demonstrated property can be part of the solution for Kent’s future. The county has attracted new businesses and investment in many of the UK’s fastest growing sectors.

1

Science and Business Park Performance

The county’s science parks have seen a particularly active year. The specialist nature of lab and high-tech operations sustained park occupation levels throughout the lockdown period, while Kent’s accessible and relatively affordable business park space has supported demand.

2

Office Performance

The uncertainty in the city centre office market seen across the UK has taken its toll on activity in Kent over the last 12 months with low levels of lettings. Longer term there are opportunities for the county’s town centre markets brought about by more flexible working practices.

3

Industrial and Distribution Performance

Following 2020’s record level of industrial and logistics take up across the South East, 2021 has delivered another strong year of activity with lettings including significant new space by Ikea and Amazon. Rents have reached new highs further boosting investor demand in the county.

4

Retail Performance

In common with the rest of the UK, the
Kent retail and leisure sectors have continued to experience a challenging period. The adjustment in rents will facilitate lettings over the medium term, but there will be a need for a longer term vision in order to deliver a sustainable and vibrant future.

5

Rural Performance

Following a slow start to the farmland market, average values across the South East remain at the upper end of those across all regions of the UK. The full implications of changes to the funding regime following Brexit will take time, but supply shortages will support values.

6

Residential Performance

Kent has maintained its appeal, driving price growth ahead of the South East average. The pace of activity has brought forward some construction activity and phased schemes, and as a result, housebuilders are seeking to replenish landbanks across the county.

7

Leisure and Tourism Performance

Visit Kent review the year and recent investments as well as the impact on the sector from the pandemic.

Inward investment

Locate in Kent provides an overview of the current and future opportunities.

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Infrastructure and Regeneration

The section features current and planned developments. It focusses on Kent’s growth areas, the continuing regeneration of Kent’s coastal towns and rural communities, housing initiatives as well as significant investment in road and rail infrastructure.

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Green Infrastructure

This section highlights projects that support sustainable development.

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Strategic Developments

These pages feature a comprehensive list of sites, useful contact details and a location map.

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