Director Tom Holloway and Associate Director Craig Powell of Holloway Iliffe & Mitchell have contributed towards the latest issue of the RICS UK Commercial Property Market Update - May 2014. This publication is widely read by commercial property investors and occupiers looking to review feedback provided by RICS members describing what this is likely to mean for the behaviour of the market (using IPD data) over the course of the remainder of 2014.
The report highlights that the strongest rental gains are currently being seen in the office sector at 4.4% year on year (up from 3.3% previously) and indicates that, by the end of 2014, annual office sector rental growth could be in the region of 8%.
Additional positive news is that demand increased across all areas of the market. The most pronounced reductions in availability were seen within the office and industrial sectors.
With regard to investment values despite the recent upturn, it states that capital values are still 28% below their pre-crisis peak although we note that recent Auction data show some sale values for prime investment property returning to the levels last seen in 2007.
If you would like to receive a copy of the latest RICS UK Commercial Property Market Update please contact us.
With regard to investment values despite the recent upturn, it states that capital values are still 28% below their pre-crisis peak although we note that recent Auction data show some sale values for prime investment property returning to the levels last seen in 2007.
If you would like to receive a copy of the latest RICS UK Commercial Property Market Update please contact us.
