CoStar: UK regional office construction starts slump to 20-year low

Reuters2026/07/31 07:01

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CoStar analysis shows UK regional office construction hit a 20-year low, widening the development gap with London in Q2 2026.
Annual UK office construction starts fell below 5 million square feet, versus 16 million square feet in 2019.
Regional starts ran about 59% below the 10-year average; London starts were 57% below average.
Total UK office space under construction rose in Q2, supported by low completions in the first half.
London held nearly three-quarters of space under construction by mid-2026; regional pipeline fell below 6 million square feet.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607310300BIZWIRE_USPR_____20260731_BW928780) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoStar: UK regional office construction starts slump to 20-year low

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