The latest analysis of the commercial real estate sector carried out by property consultant Lichfield for the British Property Federation (BPF) shows that the sector performed strongly in 2022, weathering the Covid-19 pandemic, supporting a record number of jobs and contributing the equivalent of more than 7% of total UK GVA.
More than three-quarters of organisations say they are working towards net zero, but fewer than one in four are looking at how to make their premises more environmentally sustainable.
Contract renewals in the FM market could be worth more than £4.8 billion in the remainder of the year, according to projections from a government supplier adviser.
The commercial property market is “generally subdued as it continues to contend with higher borrowing costs and a slow economic growth outlook”, according to analysis.
