Commercial property booms after five year slump

Aparthotels expand capital's hospitality offering with 250 new rooms

24th February, 2017
Sky's the limit Pic: Getty

A five-year halt in office space construction between 2010 and 2014 means the vacancy overhang caused by the economic crash has now been digested by the market.

"When the economy hit the skids, there was a complete cessation of construction across the board," says Dr John McCartney head of research at Savills.

"We are now four or five years into the recovery and a general scarcity of office space is becoming evident so the supply side is...

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