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Commercial construction activity for the 12 months to the end of December fell to £16.7 billion, down 14.1% on the previous quarter. The latest figures reveal a slowdown primarily in the level of new build activity, with more limited change to refurbishments. The picture across the regions however is mixed; with the North East, South West and Wales showing an increase in activity.
The full report highlights: • How much construction activity has picked up over the past quarter • The increases and decreases across the UK • The movement across different sectors including industrial, offices, retail, hotels, education, medical and community • Construction volumes by new build or refurbishment • A construction costs and procurement update
JLL are pleased to partner with Glenigan to write and publish this paper.
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01 January 2017