INDUSTRY
BUSINESS GROWTH
Location, location, location
You know your product and your customer base - but for dealers, knowing not only what and who, but also where, is essential for growth, enabling businesses to pinpoint emerging opportunities and tailor strategies accordingly
T
he business
year, marking an increase of nearly 75,000
significant development in this regard.
landscape in the UK
compared to the previous year. Considering
At the conclusion of 2023, London
is changing, and
these developments, understanding the
witnessed an unprecedented surge in new
while the remote
geographical dynamics of the business
office developments, with construction
working model
landscape becomes crucial for dealers.
starting on a staggering 5.1 million square feet spread across 43 different projects.
continues to gain
traction in many sectors, construction of
UTILISING BUSINESS
Using intelligence platforms like Barbour
new commercial property is booming. As
INTELLIGENCE
AI provides dealers with insights into
of the end of last year, the market size of
You have customer data, but what tools can
commercial construction pipelines across
the commercial construction industry had
dealers use to understand and identify where
various sectors, including commercial,
increased by 9% year on year. Despite the
new opportunities might be? The first step
retail, and education. This offers them an
ongoing debate over the return to the office,
is to identify which geographical areas are
overview of emerging business
towns and cities across the country are
seeing growth. As of last year, Manchester,
opportunities in their target areas.
witnessing a rapid rise in the construction
Birmingham and Bristol all factored
of multifunctional commercial buildings.
prominently in reports, with Birmingham
RELOCATION SERVICES
This trend is further fuelled by the surge
forecasted to have the highest growth in
The increase in new workplace buildings
in new business growth. In the UK, there
office-based employment. Liverpool and
can be attributed, in part, to the rise of
were 859,007 new companies registered last
Southampton are also expected to see
satellite offices, which have become popular
[10] JUNE MAY 2022 2024 www.dealersupport.co.uk www.dealersupport.co.uk