Firms begin to build on recovery
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The upturn in the commercial property market continues in full swing, with a third of British companies expecting to increase their property holdings over the next six months. The findings of a survey conducted by the Confederation of British Industry and Grimley, the property adviser, are the strongest evidence yet that the recovery in consumer sentiment is spreading to all parts of the economy.
Retailers are leading the upsurge in property investment, with medium and larger companies setting the pace. For the first time demand for town centre space matched out-of- town and suburban requirements, suggesting the Government is succeeding in its stated aim of stemming the flow to environmentally unfriendly greenfield shopping centres.
Sudhir Janankar, CBI associate director, said: "Business confidence has strengthened markedly compared with six months ago and companies expect a further pick-up ... led by domestic demand. With profitability set to grow faster over the next six months, the upturn in the commercial property market is becoming more firmly based."
The CBI/Grimley survey shows the highest expectations since the poll began in November 1994. Thirty-two per cent of companies expect to increase their property holdings, while 26 per cent expect a reduction.
The biggest increases are expected to come from the distribution, metal manufacturing and chemical processing, transport and communications sectors.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments