Avison Young’s UK Cities Recovery Index was created in 2020 to monitor the diversity of market activity and the speed and trajectory of the recovery across our cities as a result of Covid-19.
Fast forward to 2022 and whilst Covid is no longer dominating the economic landscape, we think it’s an important period in time to capture how the UK cities performed and ultimately recovered.
2 years on, what did our data reveal?
What makes up The Recovery Index?
Sector Indices
Our sector indices include data points for:
Commercial activity: Industry, business sentiment and employment
Hotels and leisure: Restaurant, pub, bar and other leisure activities
Mobility: Journeys by foot, air, train, bus and car
Residential: Residential property market activity
Retail: Footfall, shop visits and consumer confidence
Return to Office: Commuting patterns and levels of office occupancy
Recovery Index
The Sector Indices are combined into an overall Recovery Index, which illustrates the evolution of urban impact and recovery over time. This is presented Nationally as well as for each of our reported cities.
Daily Activity Recovery Tracker (DART)
The DART is a grouping of the highest frequency indicators which give an early prediction of the likely trajectory of the Index.
This index has been prepared by Avison Young for general information purposes only. Whilst Avison Young endeavours to ensure that the information in this index is correct it does not warrant completeness or accuracy. You should not rely on it without seeking professional advice. Avison Young assumes no responsibility for errors or omissions in this publication or other documents which are referenced by or linked to this index. To the maximum extent permitted by law and without limitation Avison Young excludes all representations, warranties and conditions relating to this report and the use of this index. All intellectual property rights are reserved and prior written permission is required from Avison Young to reproduce material contained in this index.