The East Midlands has continued its upward trend in construction new starts, up 4 per cent to £1.3bn in Q2 according to JLL and Glenigan UK’s latest Commercial Construction Activity Index.
The report says the rise is part of a regional resurgence being experienced in major conurbation centres outside London, as they start to see the bounce back previously concentrated in the South-East.
David Hastings, building and construction director for JLL Nottingham said: “It seems the major urban conurbations outside of London – Nottingham, Birmingham, Greater Manchester are starting to gather pace. We know from our own experience that the industrial and logistics market has really heated up, with our Midlands team at the forefront of growth brokering over 1 million sq ft of space in the past 9 months. This is largely driven by a lack of supply in the region and an increased appetite for build to suit and speculative schemes.”