Urban Planning and Real Estate Development

By John Ratcliffe; Michael Stubbs | Go to book overview

CHAPTER SEVENTEEN

Industrial development

Rising unemployment, changing industrial processes and new ways of working have all combined to require a reconsideration by both public and private sector agencies involved in the production of industrial and business development properties in respect of what they build, where and for whom. The 1980s witnessed a transformation in both the location and property requirements of modern industries. Changing market conditions and the restructuring of the UK economy resulted not only in a substantial shift from manufacturing to service-led growth, but one that was coupled with the increased use of technology, resulting in new demands being placed upon both industrial and business premises. At the same time this was accompanied by organizational changes within key economic sectors and the emergence of a new wave of companies serving rapidly growing markets, both of which had a fundamental impact on the nature of demand for commercial property as a whole. These trends encouraged the creation of high-technology estates and business parks and are predicted to continue so to do as the economy evolves towards the year 2000 (Debenham Tewson Research 1991). In the context of this chapter, much of the material relates equally to industrial and business property.

The broad shift from manufacturing to a service-based economy is clearly reflected in the composition of both gross domestic product (GDP) and employment structure. Although the contribution made by the manufacturing sector to national GDP remained fairly constant throughout the 1980s, output from the financial and business services sector more than doubled from around 10 per cent in 1980 to well over 20 per cent by 1990. The long-term trend is forecast to continue through the 1990s, with manufacturing output rising by an average of only 2 per cent per annum compared with about 6 per cent per annum for the financial and business services sector.

The restructuring of the country’s economy is also reflected in changes to employment structure. Manufacturing employment fell steadily throughout the 20 years between 1970 and 1990, from 8.5 million to 3.1 million employees, a decline of nearly 40 per cent. During the same period, employment in the business and services sector rose from 2.6 million to over 5.6 million, an increase of 120 per cent. This trend is continuing, so that it is predicted that employment in the business and services sector will have increased by a further 20 per cent

-442-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Urban Planning and Real Estate Development
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 552

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.