Industry Analysis & Industry Trends
The Commercial Building Construction industry has endured a tumultuous period over the past five years because its primary markets plummeted and took industry operators down with them. Private investment in commercial and industrial premises slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government's fiscal austerity measures involved cuts to funding for institutional buildings like schools and hospitals. Many companies went bust as business profit plummeted, retailers were hit by online competition and consumer spending fell. Various retailers, including supermarkets and department stores, scaled back their expansion plans, and lack of demand for offices caused property developers to halt investment too... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of non-residential building construction corresponds closely with the national distribution of economic activity and population.
The South East and London
The South East accounts for 15.6% of establishments, slightly outweighing its share of the UK population. This reflects the region's rapid expansion as an alternative commercial and industrial hub to London. The South East is close to London and the many transport links mean the journey between the two is easy. Enterprises in this region can also carry out more lucrative contracts available in London.
The London region accounts for 14% of industry establishments, which is slightly higher than its 12.6% share of the UK population... purchase to read more