2020 Vision For Property Data - Please

13 December 2019

Commercial property professionals have revealed the data they would most want in 2020 to make their lives less complicated.

In commercial property, data is helping estate agents, surveyors, developers and investors better identity as well as understand the potential opportunities and challenges within the market.

Interested in commercial property data, commercial property agents SavoyStewart.co.uk surveyed 468 commercial property professionals to discover the types of data they believe is they need more of in 2020

Savoy Stewart found that majority of commercial estate agents (74%) would like to access data where they can easily see the approval and refusal rate of commercial property planning permissions for any UK postcode.

Thereafter, 69% think there needs to be improved data when trying to identify the average price per square foot that commercial properties have sold for in any given area.

Similarly, 63% desire data that will allow them to determine the average asking price per square feet that commercial properties in any set location are commanding.

Interestingly, 51% would like to gain more data that highlights the commercial property crime statistics for different postcodes across the UK. Whilst, 40% feel the same about data that will enable them to more accurately assess the average internet speeds by UK postcodes.

On the other end, 32% feel more data is required on 5-year capital growth projections for commercial property in any given UK postcode.

At a glance

Commercial property planning permissions approval/refusal rate in any full UK postcode - 74%.
Average price per square foot of sold commercial property in any full UK postcode - 69%.
Average commercial property asking price per square foot in any full UK postcode - 63%.
Commercial property demand in any full UK postcode - 56%.
Commercial property crime statistics in any full UK postcode - 51%.
Average commercial property stamp duty land tax payable in any full UK postcode - 44%.
Average internet speeds in any full UK postcode - 40%.
Commercial property five year capital growth projections for any full UK postcode - 32%.

With thanks to savoystewart.co.uk

Picture: Commercial property professionals have revealed the data they would most want in 2020.

Article written by Brian Shillibeer | Published 13 December 2019

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