Nursery World - Nurseries' resilience 'wearing increasingly thin' warns Christie & Co in business outlook for 2024

Specialist business property adviser Christie & Co is predicting more consolidation among nursery operators and a continued loss of capacity as a result of smaller settings closing, in market predictions for the year ahead.

Image: Christie & Co

The company saw a 27 per cent decrease in the number of day nurseries sold in 2023, compared with 2022.

However, Christie & Co said it remains ‘cautiously optimistic’ about the continued demand for high-quality settings across the country.

Its Business Outlook 2024 report reflects on the themes, activity and challenges of 2023 and forecasts what 2024 might bring for the day nurseries sector.

While the demand for high-quality nursery settings nationwide, from single assets to larger groups, remained strong in 2023, Christie & Co said there is little doubt some of the challenges connected to the sector and the wider economy have impacted the market.

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