- 24 September, 2013
- Comments Off on Commercial Property Sector Hits Six Year High
- Categories: Latest News
Property giant Savills released some welcome figures this month, revealing that the UK commercial property sector has grown at a rate which we’ve not seen the likes of since 2007.
Their reports show month-on-month growth, and the balance for July stood at +20.1%, up from 18.9% in June, for both private and public new-build developments.
Within this overall area, the industrial and warehousing sector boasted particularly high figures, increasing from +26.3% in June to +32.6% in July.
The figures also showed that commercial developers are feeling more positive about the industry, with a balance of +25.1% viewing the results positively, up from +14 the month previously.
John Gallagher of Savills building consultancy said:
“With increase of confidence and construction activity over the summer, it is looking very much like we are on the road to a steady but slow recovery in the industry.”
The optimistic news was said to be due to a number of factors, including better weather conditions and increased availability of financing.
Here at Armafix, we work closely with contractors on a variety of commercial and industrial projects, supplying key materials including lindapter fixings, cavity fixings and unistrut. The recent projects we have supplied include air bus buildings, an Amazon Distribution Centre in Peterborough, hospitals, schools and supermarkets such as ASDA. With years of experience working with professionals within the commercial property sector, we understand the varying requirements and specifications on different types of project.
Commercial building projects involve contributions from a great deal of different organisations – from suppliers like ourselves through to construction workers, plumbers and electricians. This increase in the sector can only be a positive for businesses across the UK, and we hope that this growth continues.
If you’re looking for vital materials, such as unistrut, for your next commercial project, get in touch with Armafix today. Call 0113 256 7211 or contact us online.