Savills report that the rate of development activity growth in September rose from Augusts low, with commercial construction companies indicating a marked expansion of both private and public sector activity. The strongest upward growth trend was recorded for private sector new build activity, with the rate of expansion reportedly the sharpest for six months.

Matt Oakley, head of Savills Commercial Research department said: "As expected the general slowdown in the rate of growth in August appears to have been a seasonal blip. With private sector office construction having increased for the thirty-seventh consecutive month, it is no surprise that developers optimism about the prospects for this sector cooled a little this month."