Impacts of commercial property development: final report

cover image
Document type
Report
Corporate author(s)
Great Britain. Dept. for Business, Energy and Industrial Strategy
Publisher
Department for Business, Energy and Industrial Strategy
Date of publication
6 February 2019
Series
BEIS Research Paper. Number 2019/001
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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Cambridge Econometrics (CE), Savills and Professor Peter Tyler were commissioned by the Department for Business, Energy & Industrial Strategy (BEIS) to fill a gap in the evidence base by investigating the impacts of commercial property developments (CPD) on local labour markets in general, and productivity more specifically.

The focus of the research has been on ascertaining evidence, both quantitative and qualitative, as to the economic impacts of the development and provision of new commercial property both on the firms that occupy those sites, and on the surrounding geographic area.

The study looks at new commercial and industrial property used to house office work, manufacturing or warehousing, while excluding sector-specific sites such as farms or retail outlets.

It draws on the findings of 8 case studies and econometric analysis of the impact of development on local employment, turnover, wages and productivity.

 

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