2017 Market update

3rd April 2017

The market is a bit uncertain at the moment but we have seen positive trends

Here are some fit out facts from our projects which we thought may be of interest:

  • Despite a more cautious mood from asset managers, BW continue to see a lot of Cat A refurbishment. 50% of our current workload.
  • The sectors we see taking new space: techies (40%) and law firms (25%), whilst the banks and media are refurbishing in situ.
  • The average sq ft price for the offices we have fitted out over the last 12 months is £105.
  • The items with the longest lead in times in the average office are: Specialist mechanical, electrical, and plumbing equipment, joinery and specialist lighting.
  • There are lots of major projects in the market, but we are also pleased to see robust activity in sub £2M. Currently this makes up 60% of our workload.

If you would like to visit one of our current projects or talk to us about the above, please get in touch.

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