Stratford-based property developer Chase Commercial say it has been practically knocked down in the rush by companies wanting to secure one of its nine industrial units at its development at Timothy's Bridge Road business park, Stratford.
Just weeks after starting on site, all nine units - which range in size from 2,000 sq ft to 4,100 sq ft - are now under offer and have attracted local companies from a variety of sectors, ranging from shop fitters and builders to electrical and catering.
Mark Robinson, development director at Chase Commercial, said: "Chase is the only developer to be speculatively building small industrial schemes in the area.
"The speed in which the nine units have been snapped up and the fact that they will not be ready for occupation until December this year, firmly underlines the pent up demand the market holds for this kind of product and highlights that there is probably room for more."
The 20,000 sq ft industrial scheme forms phase three of Chase's development at the business park. At the same time, the company has started on site with phase two; a scheme of nine office units ranging in size from 1,500 sq ft to 2,800 sq ft - both are being constructed by Chase Norton Construction and are designed by Chase Design Group.
Mr Robinson added: "The popularity of the industrial scheme is also an indication that Stratford is not only a popular place to visit and to live but is fast becoming a strong commercial centre.
"This can be further qualified by the strong demand we are currently receiving in phase two and the fact that we sold all of phase one, a development of seven small office units, within three months of completing building works."