DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/trf5ks/commercial_office) has announced the addition of the "Commercial Office Construction Market Report - UK 2015-2019 Analysis " report to their offering.
During 2014 the recovery in the UK commercial office market continued, as both business and consumer confidence began to return. Demand has increased across the majority of key regional cities, representing a significant growth in take-up and falling supply, and office rents are now also returning to growth.
As a result of improved market conditions, total take-up for 2014 was estimated to be the highest since 2007 and highlights a return to growth for the office market as a whole. The majority of take-up in 2014 was for grade-B space, reflecting the very limited supply of grade-A stock available. In addition, a sustained recovery in the central London office market in 2014 saw take-up at its highest annual rate since 2001 and all London markets have seen increased occupier demand over the last 12 months; the City saw particularly high levels of take-up, driven by a resurgence in demand from the financial sector, which saw significant growth in 2014. The TMT sector also continued to help drive London take-up.
In terms of construction output, the last 18 months or so has seen renewed demand intensifying across the UK office market, leading to output rising by and an estimated 13% in 2014. Going forward, prospects for office construction output are on the rise, with London and the South East leading the recovery. Offices are expected to drive commercial output growth in 2015 and beyond and, given, the nationwide strength in demand, it is expected that output in the commercial offices market will continue to grow by between 6% and 8% over the next few years. Demand for office RMI is expected to remain strong to 2019, with growth rates of around 3-4%.
Key Topics Covered:
2. SUMMARY AND FUTURE PROSPECTS
3. THE COMMERCIAL OFFICE MARKET IN THE UK
4. CONSTRUCTION MARKET FOR COMMERCIAL OFFICES
5. FACTORS AFFECTING THE COMMERCIAL OFFICE MARKET
6. CONSTRUCTION MARKET SUPPLY - OFFICE SECTOR
- Balfour Beatty
- BAM Construct UK
- Byrne Group
- Como Interiors
- Galliford Try
- Havelock Europa
- Ibex Interiors
- Morgan Sindall
- Morris & Spottiswood
- Shepherd FM Styles & Wood
- VINCI Commercial Office Fit-out
- Willmott Dixon
For more information visit http://www.researchandmarkets.com/research/trf5ks/commercial_office