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Building 'lowest For 20 Years'

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According to the latest Drivers Jonas Deloitte (DJD) Crane Survey, just 2.7m sq ft – or 22 schemes are under construction in the heart of the capital, 52pc down on six months ago and 68pc lower than a year ago.

The sharp drop in activity is a consequence of developers scrapping projects in the recession, as finance dried up and demand from businesses to rent space disappeared.


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Interesting. My experience is that agents are always with the herd are 360 degrees wrong. So on that basis there won't be a rash of schemes that get started (because of lack of credit), there won't be an oversupply and anyone with balls who starts a scheme will do well in the long run. You need balls the size of footballs to do this however.

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lots of fit out work starting-ie tenants taking a floor of a building. talking to people in this sector(commercial fit out) banks etc are taking up new office space in prestige new offices, such as the Gerkin. this leaves older office space which needs sprucing up to get a tenant. Therefore, in this part of the cycle new office space is not needed. we are through the worst of it in construction and are looking for green shoots in the commercial sector. this may be a year or 2 away and vacent central london space will have to be let.

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  • 420 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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