Increased activity noted by commercial property firms
Recent research reveals that March 2012 has been the busiest month in over two years for the commercial property development market. Figures show that work in the public sector has expanded since February 2010 , while developers in the private sector have also recorded their first growth in nine months.
Savills’ Head of Building Consultancy, Michael Pillow, says, “encouragingly, this recovery appears to be broad-based and not just London-focused.”
Roughly a quarter of all commercial developers have seen a rise since March in comparison to 12% who are of the opinion that work is in a decline.
The fastest growing sectors have proved to be industrial properties and refurbishment jobs, according to the research, which have demonstrated a net 17.2 and 13.6% growth.
However, 7% of public sector office space companies have noted a decline in activity throughout March.
For information on the best office space to rent, talk to Search Office Space now on 0800 524 4649 to discuss your requirements.