Gaining a thorough understanding of the importance and place of property in business, the public sector and the UK economy as a whole is the basis of a new report from RICS – Property in the Economy: a digest and review of key data and statistics, launched on 13 May at Barclays Commercial Bank.
Key data and statistics have been drawn together from a number of sources for the first time for a new RICS report that provides an insight into the importance of commercial property to both organisations and the overall economy.
Authored by Professor Ginny Gibson and Martin Moriarty of the University of Reading, this report will assist all those who advise on strategies for the acquisition of new space or manage occupied premises. It will assist those who formulate strategy for the development and disposal of surplus land/space.
"This research will form a base for businesses of all types to make the right strategic decisions about property. I understand that it is the first of several streams of research that will really add value to both owners and occupiers." Dennis Watson, National Head of Property and Project Finance, Barclays Commercial Bank.
Gaining an understanding and collecting data on the use and cost of commercial property from an occupational point of view is more difficult than the broad economic data. The report covers both and is therefore able to help answer questions such as: What is the value of property by sector? How much public property is held? Who owns commercial property? How much space do people occupy?
The report is organised into four themes:
- Commercial property in the economy
- Property activities: turnover and employment
- Property usage and occupational costs
- Ownership structures and property returns.
Free of charge to download, the executive summary, full report and individual chapters can be found to the right hand side of this page.
For further information, contact Rosemary Elder, Professional Practice Manager, relder@rics.org, +44 (0) 207 695 1597
