This presentation is outlining the market as it is now and how the power of your network can get you through to the all important decision maker.
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Construction & Property Presentation
1. C O N S T R U C T I O N /
P R O P E R T Y
B U S I N E S S G R O W T H
O P P O R T U N I T I E S
2. C O N S T R U C T I O N M A R K E T
P O S I T I O N
?
W E A K
P O U N D
Continues to
make London an
attractive market
for overseas
investors.
T E C H N O L O G Y
F I R M S P A C E
U P TA K E
An increase in
office space
uptake in
this sector is
encouraging the
market.
L O N D O N
R E M A I N S
T H E H U B
Commitments
from Google,
Apple and
Amazon for large
scale projects is
likely to encourage
others to follow
suit.
3. Our forecast is that inflation levels will be approximately 3.4 to 3.8 percent for the next 24
months. Volatility in commodities pricing is creating some pressure for certain trades and
there has been a persistent reporting of skills shortages across most areas of the fit-out
market. These factors appear to be the most significant challenges facing the sector,
particularly as the Brexit deadline looms without any transitional deal in place.
emains a
nt
e
age
ng back
ment to
in
of
ng is
ended to
he best
%
Tender price inflation
Materials
Increases evident, but at a
slower pace of growth in
comparison to previous quarters
Preliminaries
Remained static at an
average of 7.4%
Overheads & profit
Remained static at an
average of 3.1%
$
Labour
Skilled labour continues to be in
demand, with supply of specialist
trades constrained
3.8%
London
fit-out
2017
3.5%
London
fit-out
2018
3.4%
London
fit-out
2019
C O N S T R U C T I O N M A R K E T
E X P E R T F O R E C A S T
4. C O N S T R U C T I O N M A R K E T
C H A L L E N G E S
B R E X I T
One year on
and this is
still causing
uncertainty and
this is likely to
continue.
W A I T A N D
S E E
Impact of clients
delaying decisions
to invest now is
being felt.
R E D U C E D
P I P E L I N E
Resulting in
increasing levels
of competition
and keener pricing
strategies.
S K I L L S
S H O R TAG E
Across the
market finding
and accessing
skilled labour
remains a
persistent
challenge.
6. O F F I C E R E S I D E N T I A LR E TA I L D E V E L O P M E N T S
N O M AT T E R T H E S E C T O R
7. O F F I C E R E S I D E N T I A LR E TA I L D E V E L O P M E N T S
B E H I N D T H E M A L L
M R .
D E C I S I O N
M A K E R
8. Architects
Interior Designer
Contractors
Legal
Insurance
Cleaning
Maintenance
Security
IT
Telecoms
Business Travel
Copiers
Software
...
Property Agent
Interior Designer
Shop Fitters
Legal
Accountant
Insurance
Cleaning
Maintenance
Security
IT
Telecoms
Branding
Printer
Website
...
Estate Agent
Mortgage Advice
Legal
Property
Management
Builders
Tradesmen
Kitchen Suppliers
Domestic Cleaners
Telecoms
Furniture
Lighting
Home Office
...
Land Sourcing
Surveyors
Developers
Legal
Estate Agents
Auctioneers
Finance
Insurance
Planning
Contractors
Security
...
S E C T O R R E Q U I R E M E N T S
O F F I C E R E S I D E N T I A LR E TA I L D E V E L O P M E N T S
9. M R .
D E C I S I O N
M A K E R
O F F I C E
R O U T E I N
Y O U
F U R N I T U R E
10. M R .
D E C I S I O N
M A K E R
O F F I C E
R O U T E I N
M AT T
G O U G H
Y O U
F U R N I T U R E
11. M R .
D E C I S I O N
M A K E R
O F F I C E
R O U T E I N
M AT T
G O U G H
Y O U
F U R N I T U R E
T R AV E L
12. M R .
D E C I S I O N
M A K E R
O F F I C E
R O U T E I N
M AT T
G O U G H
Y O U
F U R N I T U R E
T R AV E L