Commercial construction improving faster than residential
Original Article Summary
Residential construction activity is failing to recover to the same degree as commercial, analysis from Glenigan found. Non-residential project starts – meaning offices, schools, hospitals, retail stores, and warehouses – surged by 15% year-on-year. Over the same period however residential starts on site fell by 4% year-on-year, while they increased by 3% during the three […] The post Commercial construction improving faster than residential appeared first on PropertyWire.
PropMatch Curated Analysis
Commercial construction starts surged 15% while residential fell 4% year-on-year, with social housing preventing deeper declines. Regional performance varies significantly, with London leading growth at 77% quarterly increase.
Investor Relevance
Signals constrained housing supply pipeline which could support rental values and property prices medium-term, while highlighting regional opportunities particularly in London and social housing segments where government investment is driving activity.
Original Source:
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