Historically the Woolmead has been seen as a neglected area of the town, with offices and retail properties standing empty for months on end.
But George Cotton, from Friends Ivory and Sime property assest management (FISPAM), told The Herald that within a month the Woolmead could be "100 per cent occupied".
He also dismissed rumours that the Woolmead has been earmarked to be demolished and rebuilt as a shopping complex in 2008 as "crystal ball gazing".
"There are a couple of deals in the hands of solicitors at the moment, but hopefully these will be finalised within a month," he said.
"The Woolmead had a difficult recovery period after the economic crash of the early 90s, but now it's an area that's going from strength-to-strength."
He was unable to reveal who is taking on the premises because the contracts are still being finalised, but he said one of the new tenants would occupying offices previously used by ICI in Woolmead House East.
The only premises which would remain unoccupied assuming the other deals go through will be Unit 2 which was occupied by a chemists.
Mr Cotton said the owner still holds the lease but that discussions were taking place to put it back on the market.
Commenting on the claims that the Woolmead will be demolished - as part of the East Street development project - Mr Cotton said: "A number of leases do expire in 2008 so potentially there might be a development at this stage.
"But we don't know what the economic conditions will be at this time and it's far to early to say what will happen.
"It's really crystal ball gazing at this stage because it's so far in the future. It's something that we will look at in phase two or three of the overall development of this area."
David Weller, from Farnham Framing Studios, in the Woolmead, was one of the retailers who voiced concerns about the future of the area.
He said that retailers were having their leases terminated so they could not run beyond 2008.
"It makes life difficult for the retailers because they can't realistically expect to sell because there's no future in the Woolmead as it stands," he said.
"Some people are coming into the area with their eyes open but some of the longer term tenants are a bit fed-up.
"I'll be retired by then but my son wants to continue the business. I've heard that tenants may be given the option to move into the new complex, but at the moment it feels like it's taken all the good will out from under our feet."