Demand for commercial space grows by the fastest rate in five years

By Tom Lowe2021-07-29T05:00:00

Source: shutterstock.com

RICS report finds industrial space driving soaring demand with office space also seeing a recovery

Demand for commercial space grew by the fastest rate in five years in the second quarter of this year, according to a new report by the Royal Institution of Chartered Surveyors (RICS).

A balance of +16% of respondents to the RICS’ survey, which is for the second quarter of 2021, reported growing occupier demand, compared to -5% in the last survey - marking the strongest uptick since 2016.

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