Hi, need to submit a 2000 words paper on the topic Property Development Project.
Some traditional industries remain in the area but however, this is considered as a zone of transition from which industrial uses should be encouraged to move to allow residential universities an business development. This is yet to be completed and become fully occupied. To the west is the Moor which is a principal shopping street that is currently undergoing regeneration with proposals for new shops including relocated central markets for Sheffield. At the southern end of the Moor, is the Moor foot that is dominated by the former central government building and is now occupied by the Sheffield City Council.
The area has been designated for use as one of the City’s new business district.i. Office market trends: in the first stage of analysis of the office market, it involves forecasting of the macroeconomy and analysis of the changes occurring at each and every sector. It is important that one take into consideration the future macroeconomic aggregates such as Gross Domestic Product(GDP), interest rates, inflation, net trade and employment growth.ii. Service sector trends: the service sector is composed of organizations both in the private and public sectors who are usually the main users of office space.
The key long term trend in office analysis is the growth of the service sector. The service sector can be disaggregated into civil service, public sector administration, banking, insurance and finance, business services and consumer services. Most of the analysis tends to focus on private sector service growth though, in some markets, civil service and public sector administration can be an important source of office demand especially at times when there is an increase in public expenditure.e.
Perceived benefits of the office market: this may include the attitude of space users to locate any potential development, a shoddy existing stock and the desire for quality signals that may impact the development in a positive way.