Commercial Property News

The Department of Trade and Industry has reported that new construction orders in the UK rose by 1% in the three months to February compared with the previous three months and by 8% from the same 3 months a year ago.

Sector breakdowns can be seen below.

Private commercial orders were 15% higher compared to the previous three months, and rose by 21 pct compared to the same period a year earlier.

Private industrial orders rose by 39% compared to the previous three months, and by 47% compared to the same period a year earlier.

Private housing orders fell by 3% compared with the previous 3-months, and by 1% compared with the same period a year earlier.

Public housing and housing association orders fell by 21% compared to the previous three months, but rose by 36% compared to the same period a year earlier.

Public non-housing orders rose by 2% compared with the previous three months, but were 8% lower when compared to the same period a year earlier.

Infrastructure orders fell by 32% compared with the previous three months, and by 5% when compared to the same period a year earlier.