JLL hosted its annual Midlands Property Predictions on Monday 18th January 2016. The Birmingham Hippodrome was the venue for the event where our experts shared their predictions for the property market.
Jon Neale, Head of Research UK gave an economic overview followed by a panel of experts who gave their thoughts on what to expect across the property sector.
Our predictions for the year ahead are detailed below.
Peter Leaver, Director – Planning & Development
T: +44 (0)121 214 9970E: firstname.lastname@example.org
Politics – Housing crisis, what housing crisis?
Policy – Lots of new initiatives
Process – Unintended consequences and a regional dimension
Richard Roberts, Associate Director – Residential
T: +44 (0)121 634 6508 E. email@example.com
Tiered housing land market to continue
Delivery to fall way short of Government targets
Regeneration initiatives fuel growth in city centre demand
Ryan Kennedy, Director - Retail and Leisure
T: +44 (0)207 318 7884E. firstname.lastname@example.org
Prime and Secondary Polarisation
Carl Durrant, Director - Industrial and Logistics
T: +44 (0)121 214 9950 E: email@example.com
Rental growth/ constrained supply
Speculative development sub 100,000 sq ft urban / online logistics labour
Jonathan Carmalt, Director – National Office Agency
T: +44 (0)121 214 9935 E: firstname.lastname@example.org
Rental Growth – to occur in both the in and out of town office markets
Take-up levels – will continue ahead of the 5 & 10 year averages
Start of speculative office construction – in the out-of-town office market
Matthew Smith, Lead Director - Nottingham
T: +44 (0)115 908 2123E: email@example.com
Increased City Centre office demand
Supply shortage driving rental growth
Commitment to speculative development
Allan Wilson Director - Capital Markets
T: +44 (0)121 214 9941E: firstname.lastname@example.org
More balanced market in 2016
Pause in investment volumes
More development funding
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Press release: Birmingham's renewed confidence and swagger
Press release: Nottingham offers huge potential
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