The Role of Commercial Property in the UK Economy (March 2013)
The relationship between commercial property and the economy is examined through employment, output generation and tax take. Commercial property stock, the level of economic output and the rate of new construction required to facilitate economic activity is assessed. The research supports the perpetual inventory method, which measures the economic contribution of commercial property stock, excluding redundant floorspace. This demonstrates the level of development activity required to support growth in the economy.