Overall for us recruiters the current market remains relatively good, and as ever there are strong regional and sector differences. An area we are noticing major growth is the traditional property consultancies moving into some of the traditional construction consultancy domains. It usually starts by an expansion of the Building Surveying team into Project Management, but their reach is extending. We know that most of the top 10 property consultants have ambitious expansion plans in this area, and we have recruited for these businesses in Project Management & Quantity Surveying in the recent past.

The retail market is generally still under a certain amount of pressure, although within this market certain retailers are continuing to expand their operations, whilst others are changing their focus into a smaller number of key stores.
How this is panning out into the perspective of a property/construction consultancy providing services to this is area generally translates into a reasonably buoyant market. It is now the case that the vast majority of retailers currently outsource these functions rather than utilising their own in-house team. Because retailer margins are still being squeezed they are cost conscious so salary levels of construction professionals providing services to the sector are below average for the general market, vacancies tend to be fulfilled on a replacement basis, a similar pattern is in place for estate management.

Commercial remains very strong in the prime end of the market in the most desirable locations, for both offices and industrial, the secondary locations remain subdued. The picture is different from location to location but we have noticed the largest amount of development and investment in the three major cities of London, Birmingham and Manchester in the office market. The industrial market remains very strong in the ‘golden triangle of logistics’ in the Midlands.

The residential market has been less busy over the last 12 months in London, that said Student Accommodation and PRS continues to grow quickly. Many London developments have slowed down, but regionally Birmingham and Manchester have not felt this as strongly, if at all. The West Midlands recorded the UK’s highest residential property increases over the last 12 months of 5.8% on average.

Andrew Pearson

Edgar Cowen


Published inBlog

London Office

179 Great Portland St,
London, W1W 5PL
Tel 0203 930 8610

Birmingham Office

Aquinas House, 63 Warstone Lane,
Birmingham, B18 6NG
Tel 0121 265 7910

Carlisle Office

Pacific House, Fletcher Way,
Carlisle, CA3 0LJ
Tel 01228 807 290

We use cookies to provide you with the best possible browsing experience on our website. You can find out more below.
Cookies are small text files that can be used by websites to make a user's experience more efficient.The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
ResolutionUsed to ensure the correct version of the site is displayed to your device.
SessionUsed to track your user session on our website.

More Details