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Planning still a worry

The appalling weather in the first quarter of this year will certainly have had some effect, but only on shovels going into the ground and not applications going through the letterbox. Brexit is certainly playing its part. Commercial building on a speculative basis, that is developments without a pre-let or pre-sold agreement, is largely off the menu at the moment, apart from in more active sectors such as urban logistics. Even so, applications for commercial developments fell 11 per cent in the first quarter of 2018 from a year earlier.

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