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Making the grade: The impact of office development on employment and city economies
Posted on: 25 May 2012
By: mackene
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Filed under: News
A new report by Centre for Cities and supported by the British Council for Offices, shows that there is a striking mismatch between where offices are needed in the UK and where they are being built. This paper explores patterns of office development by looking at case studies of two large cities ( Bristol and Manchester) and two small cities (Cambridge and York) to gain a better understanding of how the office development market differs in these places. It finds that there is a bias toward larger cities in the office development industry. Despite their economic potential, generally the industry views smaller cities as too risky to invest in. This could limit their growth in the future and in response these smaller cities need to promote themselves as investment prospects to developers.
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