Construction is routinely looked to as a marker for the economic health of a city or region. Our Real Estate Regional Crane Surveys highlight this link between development and prosperity, examining the external influences and key market drivers of city centre construction.
A time for resilience
Belfast has sustained momentum and a high level of ambition through 2018, with construction schemes across the city centre. This is in spite of potentially disruptive macro forces in play including Brexit, and the lack of an executive at Stormont.
Investing in the future
Belfast Region City Deal with Westminster sets a positive tone, securing £350million to support infrastructure projects.
Work in progress
Activity ongoing in relation to Local Development Plan, a 15 year framework aimed at place shaping.
Redefining our place
Birmingham continues to hit new heights as it drives forward into an era of re-development and re-purposing. Yet again, the city has record-levels of construction with both developer and investor confidence high as preparations for HS2 gets underway and the 2022 Commonwealth Games draws ever closer.
Residential units under construction surpasses the previous record levels of 2018.
Building for business
2019 is set to be a record breaking year for office completions.
Building blocks for the future
Leeds has broken multiple construction records in 2018 as the city builds for the future, with new highs achieved in the Health and Education and Purpose-Built Student Accommodation sectors (PBSA).
Highest level of new starts in the city centre since 2007.
Health and Education saw 743,000 sq ft of floorspace under construction.
A year of delivery
Establishing itself as one of Europe’s fastest growing cities, Manchester continues to lead the way in catering for an increasing metropolitan population. Entire new neighbourhoods are in development redefining the parameters of the city centre as it pushes outwards and upwards driving record levels of construction.
Record breaking residential
Anticipated level of residential delivery over the next 3 years is due to exceed the previous 10 years combined.
Step up in office sector
Over 2 million sq ft of office space under construction across 13 schemes.