Welcome to

Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.


Arise in development cost

17th December 2014

Arise in development cost

In a market as tight as what we are experiencing at the moment, new development is essential to add stock. Since the end of the recession we have widely seen a rise in development. Unfortunately, this may be coming to an end with the rise in development costs. 

The rise is manly coming from the construction sector, it’s a combination of material, labours, and the current demand for contractors making the waiting time longer and slowing down the development. The lack of supply in labour is due to a lot of professionals leaving the industry during the recession and not yet re-entering.

This cost increase and the forecast of downturn in UK economic performance along with a decrease in availability of bank finance is going to affect new developments leaving London’s commercial office with an even smaller vacancy rates. 

Andrew Ingram an up and coming surveyor at Morgan Pryce is concerned about the development of commercial space, “this is going to have huge effects on the commercial property market making London even more unaffordable for new business and forcing companies to move further out.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.

Login and get FULL AND FREE ACCESS to our unique Knowledge Centre.

Morgan Pryce treats personal information safely and securely. Read more about how we store and protect information in our ​Privacy Policy​.

Forgot your password?

Please enter the email address used to create your account and follow the instructions to recover your password.

Didn’t receive an email? Check your spam inbox!

Create Your Account

Instructions have been sent to

Well Done!

Please check your inbox for a confirmation email.
You can manage your account details, email alerts and shortlists directly from your account.

or continue browsing


Thank you for confirming your email address! You are now subscribed to our Newsletters.

By continuing your browsing on our site, you agree to the use of cookies to perform visit statistics. Read more about our ​Cookie Consent Policy.