Last two months see rises in commercial property development

Savills the property experts have released figures that show an impressive rise in development activity in the commercial property sector. The survey showed that over eight percent of firms questions reported increased activity in the commercial property sector. Not surprisingly the market leading areas were London and the south east. However this is often good news for the rest of the UK as the market recovery always starts in the capital and ripples out to other large conurbations then on to secondary and tertiary commercial property locations. In fact the results showed over double the rises of the rest of the UK. The data also showed just short of a twenty percent increase in those expecting the gains in market conditions to continue for the next coming months. CBRE has also released encouraging data showing a 0.4 percent increase in industrial and prime London office commercial properties over the first quarter of this year.