The Total Commercial Development Activity Index – a net balance monitoring the overall performance of the UK commercial property sector – recorded +26.7% in August, up fromJuly’s +20.1%.
The latest reading pointed to the strongest growth rate since March 2007.
The net balances for private and public commercial activity posted +37.9% (77-month high) and +7.0% (42-month high) respectively.
Seven of the nine monitored sectors recorded higher activity, the exceptions being public retail & leisure work and public office projects.
Source : Savills