CoStar: UK regional office construction starts slump to 20-year low - CSGP News | RalliesCoStar: UK regional office construction starts slump to 20-year low
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CSGP• UK regional office starts hit 20-year low
- 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.
Under-construction pipeline remains supported by low completions
- 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.
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