This site uses web cookies · Read our Policy here
UK Free: 0800 047 0597 - Int.: (+34) 952 198 657 - Singapore: +65 6589 9150 - US Free: +1 866 656 7152

UK Commercial Development Activity Drops

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

Commercial Property Performance  Commercial Real Estate Figures  Philip Dunne  Prologis  real estate  United Kingdom 

Archives

Read More News

UK Commercial Development Activity Drops

The level of activity across many of the UK's commercial development sectors fell during September, Savills has revealed, making it the third consecutive month of declines. According to the organisation, the industry has a broadly negative outlook for the coming three months, with 23 per cent of respondents predicting further drops in activity, compared to just 18 per cent who believe it will improve. A lack of new commercial developments in the pipeline is likely to have a knock-on effect for investors in this area, who may see a shortage of supply of such assets in the coming years.

Although overall development activity has fallen, this decline is much more pronounced in the public than in the private sector, Savills noted. The office, retail and leisure industries experienced particularly sharp drops in public sector work, the firm noted, while activity among private companies also slowed, but at a much weaker rate. Join IPIN Global TodayThe only categories to post growth during September were refurbishment and office fit-out, with the former seeing robust expansion.

In an interview with Property Week at the 2011 Expo Real conference, European president of Prologis Philip Dunne pointed out that restricted supply of commercial real estate is helping to boost occupancy rates in existing properties, a scenario that investors may be able to capitalise on.
 

You may also like to read...


Comments

blog comments powered by Disqus

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN Global is not licensed to give financial advice and all information provided by IPIN Global regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.