Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Preston and Lancashire.
Preston stands out with above-average yields of 7.5%, making it one of the UK's most attractive commercial property markets for investors.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“University of Central Lancashire drives strong student market. City centre regeneration gaining momentum.”
— CMB Market Analysis
City centre transformation; UCLan campus expansion; Harris Quarter
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £17 psf | £11 psf | £11 - £17 psf |
| Retail / Shop | £24 psf | £21 psf | £21 - £24 psf |
| Industrial | £6 psf | £5 psf | £5 - £6 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
The Preston market shows positive momentum with yields compressing slightly against regional averages.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Grade A office suite, City Centre
Retail premises with storage, town centre
Modern industrial unit, trade estate
29-bed care home, recently refurbished, Fulwood
22-unit converted residential building, Ribbleton
Former commercial premises with PP for conversion, Ribbleton
Shop with maisonette above, town centre
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Preston. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfilePreston presents development opportunities linked to City centre transformation. Growing demand from the Higher Education sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Good appetite for student accommodation. Commercial development supported.
Our team has experience in Lancashire property finance markets.
Preston is the administrative centre of Lancashire with strong university presence and diverse commercial property. The commercial property market benefits from strong demand across Higher Education, Aerospace, Healthcare sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 7.5% and 19.8% price growth over five years, Preston offers compelling returns for commercial property investors. Excellent connectivity via Preston Station (WCML) supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including City centre transformation, further enhances the investment outlook and signals sustained public and private sector confidence.
Competition for quality commercial stock in Preston has increased as investor demand spreads beyond core cities. Understanding local planning policies and Section 106 requirements is essential for development-led strategies.
Preston's commercial property landscape has been shaped by City centre transformation. Growth in the Higher Education sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
The local planning authority for Preston operates within Lancashire, with policies that support sustainable commercial development and town centre vitality. The local plan identifies key development sites and employment areas, and the council has demonstrated a pragmatic approach to commercial property applications.
Commercial property news for Preston will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Lancashire.
Commercial mortgage services available across Preston and surrounding areas. View larger map
Office rents in Preston range from approximately £11 per square foot for secondary space up to £17 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £14 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Preston vary by property type and grade. Current indicative yields are: offices at 6.49%-8.82%, retail at 6.6%-8.11%, industrial at 6.89%-7.82%, residential single-let at 6.43%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Preston's commercial property market includes offices, retail units, industrial premises, residential investment blocks, care homes. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
Residential investment blocks in Preston typically trade at around £129,600 per unit, or approximately £205 per square foot. Blocks of 4-24 units are the most common size bracket for private investors. Yields for single-let apartments average 6.43%. We can arrange commercial mortgages for blocks of 4+ units through specialist BTL lenders.
Care homes in Preston typically trade at around £61,100 per registered bed. A typical 36-bed home would therefore be valued between £1.2m and £3.7m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.