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Key areas in the report:
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Continuing impact of economic downturn on developer
activity
in private commercial office sector.
-
Detailed assessment of new build office
construction output together with
forecasts up to 2014.
-
Demand, availability, take-up rates
and rents - Central London office market and
key regional markets in Birmingham, Bristol, Cardiff, Edinburgh,
Glasgow, Leeds, Liverpool, Manchester, Newcastle upon Tyne and
Nottingham.
-
Office development pipeline
for London and the regions through to 2013 - key commercial office
schemes currently under construction.
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Following a period of strong growth up to 2008, the
commercial sector has experienced a tough period in 2009/10, but medium
term prospects are more optimistic in the private sector,though the
public sector will see some decline.
Areas of particular interest:-
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Review
of
Coalition programme – impact on office construction -
including
radical shake up of planning system,
devolving greater powers from Whitehall to local government,
and removing regional governance.
-
Review of
sustainability agenda
facing developers and clients in the office sector as driven by
legislation and guidance such as
the Energy
Security and Green Economy bill.
-
Gap between the
Capital and the rest of the country - differences in trends, timing of
recovery.
-
Developments in both the
corporate and public sectors.
-
Future
developments
– key factors -
fewer
speculative developments, increasing popularity of pre-lets, move
towards sustainability and low carbon buildings, emphasis on office
refurbishment rather than new build –
forecasts up to 2014.
-
Impact of
Comprehensive Spending Review in October 2010.
Major Companies profiled:-
Abstract Land, Argent,
Balfour Beatty Construction, BAM (Formerly HBG), Bovis, Bowmer &
Kirkland Group, British Land, Byrne Group Plc, Carillion, Derwent
London Plc, Development Securities, Frogmore, Gracemark, Great
Portland Estates, Grosvenor, Hammerson, Heron International, Hines,
Ibex Interiors, Interior Services Group (ISG), Interserve, ISG Group,
Kier, Land Securities, Mace, MEPC, Miller Construction (UK) Ltd,
Minerva, Morgan Sindall, Morris & Spottiswood, Peel, Quintain,
Shepherd Construction, Sir Robert McAlpine, Skanska, St. Modwen,
Stanhope, Terrace Hill Group, Wates Group, Willmott Dixon.
Key areas
covered in the report:
THE COMMERCIAL OFFICE MARKET IN THE UK
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Performance
of Commercial Office Market Sector 2009-10 including levels of
take-up, occupiers by end-use sector, market supply and
rental values.
-
Analysis of Regional Office Markets – Birmingham, Bristol,
Cardiff, Edinburgh, Glasgow, Leeds, Liverpool, Manchester, Newcastle
upon Tyne, Nottingham.
-
Analysis of the Central London Office Market – City, West End,
Docklands.
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Performance of the UK Business Parks Sector.
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Office development in Regeneration areas.
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Impact of economic downturn
on the commercial office market.
CONSTRUCTION MARKET FOR COMMERCIAL OFFICES
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Construction market overview – value of output for new work.
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Contractor’s output in the commercial office
sector – public/private sector offices.
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Commercial offices – new development pipeline for the
regions and Central London.
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Office refurbishment/fit-out market.
FACTORS AFFECTING THE COMMERCIAL OFFICE MARKET
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Planning
issues – abolition of Regional Spatial
Strategies.
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Establishment of Local Enterprise
Partnerships.
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Planning
issues in Central London.
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Sustainability and ‘Green Offices’
– Co2 emissions from office buildings; key environmental legislation,
BREEAM Offices.
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Modern Methods of Construction (MMC)
in commercial office sector.
-
Comprehensive Spending Review -impact of public
spending cuts
on commercial office market, reduction in ‘Quangos’ and possible
impact on office space.
CONSTRUCTION MARKET SUPPLY IN THE COMMERCIAL
OFFICE MARKET
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Engineering
and construction contractor capability in the commercial office
market.
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Fit-out Contractors
in the commercial office market.
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Leading Architectural Practices in the commercial office
market.
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Leading Developers in the commercial office market.
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