Get In Touch

Name:
Company:
Email:
Phone:
Comments:

Approved Suppliers For...

DJS News

  • DJS Research Ltd Celebrate First Successful Apprenticeship
    Wed, 12th Jun 2013
    DJS Research Ltd are pleased to announce that Kieran Heald has been promoted to IT Administrator following ...... Read More

E-News Sign up

Name:
Email:

Market Research Insights

  • Transport Market Research Finds Commuters Annoyed Over London Train Delays
    Wed, 19th Jun 2013

    A poll by Passenger Focus has demonstrated a drop in London commuter satisfaction levels due to late-running trains.

    While ......Read More

  • Market Research Finds University Offers Ignore Social Background
    Wed, 19th Jun 2013

    Market research findings suggest that many UK universities do not consider candidates’ backgrounds when offering places; it ......Read More

  • Charities in Scottish Carer Support Plea Following Survey Findings
    Wed, 19th Jun 2013

    Charities are urging GPs, health and social care staff and the Scottish government to ensure more support ......Read More

  • Market Research Shows Efficient Internet Access is Crucial to Britons
    Tue, 18th Jun 2013

    A survey carried out by networking products provider TP-LINK has demonstrated how important efficient Internet access is to the ......Read More

  • Market Research Shows Employers Calling For Graduates With Work Experience
    Tue, 18th Jun 2013

    An education survey of 18,000 university leavers undertaken by The High Fliers has discovered that university graduates ......Read More

  • Survey Shows Benefits of Car Rental Trend
    Fri, 14th Jun 2013

    A survey conducted on behalf of the British Vehicle Rental and Leasing Association (BVRLA), which questioned 3,700 car rental ......Read More

  • Poll Highlights Consumer Confusion over Energy Efficiency Technologies
    Wed, 12th Jun 2013

    Utility market research commissioned by Rexel Northern European Zone has shown that as many as nine in ten Britons ......Read More

  • Opinion Survey Finds Rise in Consumer Satisfaction with Online Shopping
    Tue, 11th Jun 2013

    Retail market research conducted on behalf of UPS has revealed that the majority of Britons now prefer to shop ......Read More

  • Survey Sees Facebook Popularity Drop Plus Public Dislike of Social Media Marketing
    Mon, 10th Jun 2013

    A new survey by YouGov indicates that Facebook’s massive nine-year popularity is showing signs of waning – UK users ......Read More

  • Survey Finds UK Entrepreneurs on the Rise
    Fri, 7th Jun 2013

    Professional services market research by online freelancer platform PeoplePerHour, which questioned 400,000 self-employed workers, has discovered the top entrepreneurial ......Read More

New Report Predicts Difficult Decade For Commercial Real EstateAbout The Authors

30th October 2012 05:29 - Housing

New research, published by RSA (the UK’s largest commercial insurer) and the Centre for Economics and Business Research (CEBR), has revealed that the market for commercial real estate in the UK may not return to pre- economic crisis levels before 2023 – more than a decade in the future. The CRE industry has seen an enormous £13 billion fall in the value of outputs since 2007.

Commercial real estate construction levels closely follows UK GDP, and the report suggests that the industry has experienced a peak to trough decline of 42% - the majority of this fall coming between 2007 and 2011, when output fell by almost a third (32%); from £41 billion to £28 billion. The figure is expected to continue to fall in 2012, and is not expected to show positive growth until 2014, when a growth of less than 1% (0.3%) is predicted.

Though the drop has affected all of the UK, Scotland and the North West have been hit hardest – with output falling by 51% and 49% respectively. London and South East have fared slightly better, with drops of 16% and 24%.

The study also reveals that demand for new projects has fallen, and that the demand for retail space has dropped with vacancy rates on the increase – up from 7% in Q2 2007 to more than 10% in the same quarter of 2012. Similarly, rents in the office sector across the UK have fallen by 16%.

Paul Greensmith, RSA’s Director of Risk Managed Business, Global Specialty Lines had the following to say:

“High vacancy rates are set to become a huge issue for the commercial real estate and construction industries as recovery remains elusive, threatening profits and presenting new risks associated with empty sites and building."

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..

Delicious

For updated Housing insights please follow us on @DJS_Housing or use our RSS feed

Other Housing Research Findings

Other Latest Market Research Insights

 

Company / individual memberships with

MRS Logo ESOMAR BHBIA AIMRI BIG AQR

Registered with

CQS ISO Information Commissioner CQS

Charity of the Year

CLIC

Our Sister Site

Market Research World