Close Menu
PAD MagazinePAD Magazine
    Pages
    • About PAD Magazine
    • Advertise
    • Contact
    • Contribute Property and Home Improvement related content
    • Home
    • Newsletter Advertising
    • Pad Team
    • Property & Development Magazine
    • Subscribe
    Facebook X (Twitter) Instagram
    • Contribute
    • About PAD Magazine
    • Pad Team
    X (Twitter) RSS
    PAD MagazinePAD Magazine
    • Home
    • New Builds
      • Sales & Marketing
      • Regeneration
      • Planning & Design
      • Sustainable Construction
    • Luxury Living
      • Interior Design
      • Lifestyle
      • Property Renovation & Refurbishment
      • Garden & Lanscaping
      • Home Decor
    • News
      • Software
      • Energy & Utilities
      • Affordable Housing
      • Environment
      • Plant & Machinery
      • Products & Materials
      • Infrastructure & Energy
    • About
      • Pad Team
      • Contribute Property and Home Improvement related content
    • Contact
    Subscribe
    PAD MagazinePAD Magazine
    You are at:Home How will Brexit Impact the Commercial Building Market?
    Management & Estate Services

    How will Brexit Impact the Commercial Building Market?

    PAD Editorial TeamBy PAD Editorial Team04/04/2017No Comments3 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Ancala Partners Buys UK Water Firm for £71.2m
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    How will Brexit Impact the Commercial Building Market?

    As people look towards 2017, there are many questions relating to the future of the commercial property and building markets following June’s EU referendum result.

    Investment in commercial property in the UK has fallen since, with retail properties, hotels, and office space bearing the brunt of the impact (the deal value in this sector was down by 25 per cent compared with July). However, while the numbers may suggest tentative buying behaviour, many economists and commercial property experts believe this to be a period of correction and not a crash. There is still tenant demand for example, and as commercial leases are much longer than residential (the BPF reveals the average commercial lease length has hit an eight-year high at 7.2 years), current occupancy rates are unlikely to be changed by the triggering of article 50.

    In terms of new construction, the CPA has in place a forecast growth of 3.6 per cent in 2017, with commercial offices expected to see the strongest rates of growth by 6 per cent. As these buildings go up however, changes are expected in the way of commercial building regulations. Perhaps one of the most important changes from a building perspective will be around the marking of cables through the Construction Product Regulation (CPR). While there are plans in place for changes currently, these could be overturned when Britain leaves the EU and does not have to abide by the safety regulations that are being currently outlined.

    Changes to CPR for cables

    See also  Motive8 receives ISO accreditation for high performance and customer satisfaction

    As of July 1st 2017, it will be a mandatory requirement for any fixed installation cables sold in the EU for use in construction to bear a CE mark, which will allow free movement of goods.

    The manufacturer must ensure that the cables bear a declaration of performance, or DOP, and the appropriate CE mark. These rules were introduced on the Date of Application (DoA), July 1st 2016, with manufacturers having a year to phase out old models and introduce products with the new markings. Currently, CPR applies to certain cables when classifying how they will perform in the event of a fire (e.g. reaction to smoke and spreading of flames). However, there have not been classifications for specific fire performance cables that are used in designated applications such as fire alarms and sprinklers, although it is expected that such a CPR for fire resistant cable will follow in the coming years.

    While it’s hard to say for certain whether a British manufacturer would want to remove the safety markings in favour of something created by the British government instead of the EU, the option will be there post-Brexit. Questions about whether or not cables and certain construction projects will be affected can be posed to a specialist British Cable Supplier.

    How will Brexit Impact the Commercial Building Market?

    Property & Development Magazine

    commercial property
    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleResearch Carried Out Shows Than a Third of Millennial Tenants Feel Disconnected
    Next Article 6 Home Improvements to Increase your Property Value
    Avatar
    PAD Editorial Team

    Related Posts

    Ron DeSantis and the Bold Bid to End Property Taxes in Florida

    29/03/2025

    Key Trends Shaping the Future of Property Management

    18/03/2025

    Less risk, more flexibility: why landlords are opting for monthly rentals

    03/03/2025
    Leave A Reply Cancel Reply

    Search
    Categories
    • Affordable Housing
    • AI
    • Architecture
    • Art & Entertainment
    • Automotive
    • Awards
    • Beauty
    • Builds & Development
    • Business, Legal & Financial
    • Casino
    • Celebrities
    • Charity
    • Construction
    • Coronavirus
    • Corporate Social Responsibility
    • Energy
    • Energy & Utilities
    • Environment
    • Events
    • Fashion
    • Finance
    • Gambling
    • Garden & Lanscaping
    • Health
    • Home Decor
    • Homes and Interiors
    • Infrastructure & Energy
    • Interior Design
    • International
    • Jobs & Training
    • Law
    • Leisure & Hospitality
    • Lifestyle
    • Luxury Living
    • Management & Estate Services
    • Manufacturing
    • Marketing
    • Medical
    • Net Worth
    • News
    • Op-Ed
    • Planning & Design
    • Plant & Machinery
    • Plumbing
    • Press Releases
    • Products & Materials
    • Property Renovation & Refurbishment
    • Regeneration
    • Sales & Marketing
    • Software
    • Sustainable Construction
    • Technologies
    • Tips
    • Tips
    • Travel & Tourism

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Why the Ikea Drop Leaf Table Is the Smartest Furniture Investment of 2025

    Robbie and Gary Gardening Hummingbird Fountain Goes Viral – You Won’t Believe How Simple It Is!

    Backyard Putting Green Kit You Didn’t Know You Needed—Until Now

    Why TSA Just Declared War on Costco Membership Cards at Checkpoints

    Why the Ikea Drop Leaf Table Is the Smartest Furniture Investment of 2025

    Robbie and Gary Gardening Hummingbird Fountain Goes Viral – You Won’t Believe How Simple It Is!

    Backyard Putting Green Kit You Didn’t Know You Needed—Until Now

    Why TSA Just Declared War on Costco Membership Cards at Checkpoints

    © 2025 ThemeSphere. Designed by Property & development.

    Type above and press Enter to search. Press Esc to cancel.

    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
    View preferences
    {title} {title} {title}