SavoyStewart.co.uk surveyed 468 commercial property professionals to ask them what types of data they believe is needed in 2020.

The majority of commercial estate agents (74%) responded that they would like to access data where they can easily see the approval and refusal rate of commercial property planning permissions for any UK postcode.

Thereafter, 69% think there needs to be improved data when trying to identify the average price per square foot that commercial properties have sold for in any given area. Similarly, 63% desire data that will allow them to determine the average asking price per square feet that commercial properties in any set location are commanding.

Interestingly, 51% would like to gain more data that highlights the commercial property crime statistics for different postcodes across the UK. Whilst, 40% feel the same about data that will enable them to more accurately assess the average internet speeds by UK postcodes.

Only 32% feel that more data is required on 5-year capital growth projections for commercial property in any given UK postcode.

Darren Best, managing director at SavoyStewart.co.uk commented: “Data has revolutionised the property industry. It provides key analytics and metrics on various variables that are enabling property professionals to make more informed decisions. This research highlights the type of data that the industry hopes is more easily available in 2020.”