Much has been reported through the various broadsheets about the continued rise in housing investment. What many have been wary of from within building products is the potential detrimental effect the weakening pound and trading laws will have on commercial development.
The old adage remains: driving around larger towns, a good barometer of the state of commercial work is the amount of cranes popping their heads above the skyline. Well, given Deloittes recent crane survey, projects seem to be holding firm.
Two years ago I interviewed an Operations Director from a large prefabricated concrete manufacturer / installer who said there was more than a six month waiting list on larger crane hire in London. It would seem this has held firm.
And the good news, unlike 2008-2012 cranes are appearing all over our towns and cities, and are not limited to the big smoke.
UK’s big regional cities are reporting record levels of building activity, boosted by new transport links and other ‘Northern Powerhouse’ initiatives, plus the growth in city centre living and infrastructure spending. The Telegraph reported today that Birmingham, Manchester, Leeds and Belfast have all seen big increases in development across a number of construction sectors, according to the latest Deloitte Regional Crane Survey. Birmingham office and housing building boom Birmingham city centre has seen a large amount of development including the Bullring shopping centre. Photo credit: Jane Hobson/REX Birminhgham is just one example of the regional construction boom. Besides benefitting from a new station and other infrastructure projects, office space under construction in Birmingham has risen by 50% since last year, from 969,000 sq ft to 1.4m sq ft – the highest level since the survey began in 2002.