Construction is routinely looked to as a marker for the economic health of a city or region. Deloitte’s Real Estate Regional Crane Surveys highlight this link between development and prosperity, examining the external influences and key market drivers of city centre construction.
Carry on building
Birmingham saw 11 major new developments commencing within the city centre in 2019. Whilst there is evidently a huge amount of construction activity ongoing around the city this figure is significantly below the two previous years. Most of these new starts are large scale residential schemes and four are offices. Only time will determine whether 2019 was just a blip in development activity or something more permanent. Developers however were not deterred and throughout the year they carried on building.