The role of commercial space in Local Industrial Strategies (2018)

Written for and published by the Centre for Cities this report looks at the role of commercial space.  Its headline findings include the comment that: as local areas pull together their Local Industrial Strategies, the barriers preventing businesses from locating in city centres need attention. When property is one of the problems facing a city, this will require improving the quality of city centre office space. This may mean reducing the overall supply of commercial space, especially retail and poor quality office space, within their city centres.  The report’s statistics cover a number of Cities in both England and Wales and some major towns.  Its finding may also have application in other large and some of the UK’s smaller towns, especially around the recommendations concerning the potential need to reduce and re-purpose any excess retail stock:

2018 Centre for Cities -Building Blocks – The role of commercial space in Local Industrial Strategies