More Demand than Supply for Market Building in Sheffield

Posted on 5 April, 2013 by MOVEHUT

A £17.5 million market building is currently under construction in the centre of Sheffield, which will be the home to a new indoor market in November 2013.

Sheffield City Council opened the door to applications earlier this year, but it seemed that supply was outweighing demand for a while. The first lot of applications were only open to market traders who occupy stalls in Castle Market, which is due to close and be demolished soon. Four weeks ago, only 29 of the 100 market traders had applied to trade in the new market building on the Moor.

Castle Market may be redeveloped for business use

The building can hold 195 market stalls, and in the last four weeks, the council have seen a surge in applications from both existing traders of Castle Market and those new to the area. Around 215 people have now applied for a place in the state of art market building – with some of those requesting numerous places.

Speaking of the surge in applications, Ian Bingham, Vice Chairman of the Traders’ Federation for Castle Market, said: “I think more than half of the people who have applied are from Castle Market.

“There are no complaints about the process and we hope the new building will be full of traders on day one.”

The council have the job of sifting through the applications to decide which traders will be able to conduct their business in the market building. John Mothersole, Chief Executive of Sheffield City Council said the old Castle Market will be demolished and excavated to see if the castle ruins (which is where its name original comes from) could become a tourist attraction. If nothing is found, the area may be redeveloped for business use.

“There are exciting archaeological discoveries which could become a tourist attraction. Otherwise, the site could be used for businesses,” John added.

Do you think existing traders at Castle Market should get priority for a place in the new market building? Or do you think new traders will bring a fresh feel to the market?




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants