Research article

Build Cost & Programme

Build costs and programme delivery time scales have stabilised into 2017

■ The latest indicators from the (S.P.E.C.S) demonstrate that build costs and programme delivery time scales have stabilised into 2017.

■ Indeed, in the aftermath of the EU referendum and the decrease in the value of sterling build and fit out costs increased. However, given that construction inflation has reached a level, and the velocity of development has fallen from record volumes we are seeing build costs and programmes remaining competitive.

■ Combined, these factors could be considered a good time to tender for further speculative development in the industrial and logistics sector.

Figure 29

FIGURE 29Build cost and timescale sentiment

Source: kamaco Research SPECS

 

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