UK office, shop and warehouse construction plunges to 11-year low as costs soar
by Julia Kollewe from on (#70X9H)
Investment in offices falls amid uncertainty over pricing, volatile geopolitics and the economy
Construction of offices, shops and warehouses in the UK has fallen to the lowest level in more than a decade amid rising build costs and general uncertainty.
All commercial sectors have been hit, with construction across office, retail and industrial sectors down by 21% to 5.85m sq metres (63m sq ft) in the third quarter compared with a year earlier, according to the latest data from CoStar.
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