Autumn Statement: Plea to boost commercial property as demand grows

December 5, 2013
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The Chancellor needs to do more to support commercial property developers as demand for business space increases in Bristol, according to a market expert.

Jeremy Richards, head of the Bristol office at international consultancy Jones Lang LaSalle, who has spent many years covering the city’s property scene, said: “The Government also needs to help support the flow of funding to developers so that they can start building the new workplaces that we are likely to need as the economy starts growing – the needs of growth companies may be quite different to those in the past.

“Development has been very restrained over recent years, in line with the economy. It is clear that companies have needs but have been waiting for signs of improvement elsewhere.

“Now that is occurring, we could well see a sudden spike in demand. Without sufficient supply in place, that could lead to real problems for businesses that want to expand.”

 

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