Commercial development activity increased in April, following a slight decline in the previous month. Moreover, sentiment regarding the three-month outlook was the strongest since March 2007.

The overall expansion of activity in April was driven by higher private sector demand, while public sector development decreased for the second month in succession.

Around 19% of commercial developers signalled a rise in total activity at the start of the second quarter, compared to 15% that reported a reduction.

As a result, the Total Commercial Development Activity Index posted +4.0% in April, up from -1.3% in March.

Source: PropertyMall.com