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Commercial Construction Activities in Yorkshire Valued at £2.3bn

The last quarter of 2015 saw £2.3bn worth of commercial construction and refurbishment work undertaken across Yorkshire, resulting in a welcome surge of construction activity in the region.

JLL and the Glenigan Commercial Construction Activity Index indicated that this figure represented a 23.1% increase over the same period last year.

Important projects which contributed to this heightened activity level included the City Hall refurbishment job in Leeds, the construction work done on Monks Cross Construction Centre outside York, and the Siemen services and logistics facility at Green Port Hull.

In terms of the UK in its entirety, throughout 2015 construction work took place on commercial projects cumulatively valued at £24.8bn. Both new build and refurbishments are included in this total, which represents a 4.3% increase over the previous year. This elevation in overall building activity copied the noted trend for construction output at the end of the year. The Construction PMI in the UK is also up from a seven-month low, another strong growth indicator.

Tony Stott, who heads the Leeds branch of JLL’s building consultancy, said that beyond London and the South East, the Yorkshire area is witnessing substantial construction activity that is in keeping with its prediction for 2016. JLL had anticipated that important regional cities throughout the country would start moving to a stronger growth pattern in keeping with the improved economic outlook.

 

Specialists in Structural Defects

Mr Stott added that the availability of finance and suitable resources, along with government expenditure and policy would all continue to influence construction activity throughout the UK.

The primary commercial sectors (industrial, offices, retail, and hotels) witnessed total activity volumes of £14.5bn last year, which is 1.7% increase over 2014. There is also a growing interest in other sectors, primarily education.

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