Temporary rights are set to be made permanent on permitted developments
On top of making the temporary right permanent, Minister Lewis also said that the move would allow for unused office buildings to be pulled down and replaced with residential buildings.
The temporary decision was due to lapse at the end of May 2016.
Also, for developers who applied for a change of use during the temporary period, Lewis confirmed that they will three years in which to complete the change of use. In addition to the new PD rights, developers will be allowed to change the use of light industrial buildings and launderettes to new homes.
Like in the residential property market, demand is high for prime rental office space in the UK’s main regional cities. Growth across such markets have experience an average increase of 4.3% in the year to June 2015.
Property consultants JLL’s data reflects a solid outlook for the next 12 months for demand and tight supply of new space.
“Sustained levels of occupier demand combined with the decreasing availability of Grade A office supply has contributed to healthy rental growth with year on year increases witnessed in all bar one of the core eight cities,” said Jeremy Richards, dead of national office agency at JLL.
Westminster Council’s deputy leader Robert Davis last week reaffirmed the authority’s stance to crackdown on office-to-residential conversions, reports Richard Carr.
Westminster losing its character
Whilst addressing the industry Belgrave and Turley roundtable, Davis expressed his view that the dynamic within Westminster had swung too far towards residential development.
Is Westminster becoming too residential centric?
Propertyweek.com reported that Davis said: “Westminster is home to the most significant office and commercial centre in the country.
“It is not acceptable for us to lose this nationally and internationally important cluster at the rate we have been experiencing to residential spaces, which fundamentally changes the character of the area.”
In Richard Carr’s latest blog, he reviews the latest official statistics that indicate property developers are taking advantage of new measures that enables redundant office buildings to be turned into new homes under ‘permitted development’.
Communities transformed following new permitted development measures
Richard Carr works as a commercial and residential property consultant for Jacob Carr Homes Ltd. He is a specialist in achieving planning permission for developers and high net worth clients and has a successful track record in maximising profits for his clients and employer.
In his opinion, the new regulations will transform communities across the UK and turn run-down areas of towns and cities into desirable living accommodation. He believes it will stimulate new office building as there is very little redundant office space left.
Developers and home owners taking advantage
Statistics from the UK Statistics Authority show encouraging signs with regard to the amount of applications being placed to transform office space into homes. In the last quarter 1,900 applications were received by English councils with 900 approved in the same period.