Published on Friday, 30 May 2014
The RICS UK Commercial Property Market Survey for the first quarter of 2014 brings positive news across the UK commercial property market. The market survey highlights a continuing strengthening in both the occupier and investment sectors. Whilst the improvement had previously been focused on the London market it is now increasingly broad based both in regional and sector terms.
Occupier demand has increased across all sectors with the availability of space falling. As a result of this rents are expected to rise and the value of tenant inducements are starting to fall.
In the investment market enquiries from potential purchasers have accelerated further which has improved market confidence in terms of longer term capital values. Whilst the improvement in the market is very much London centric the improved demand is also being mirrored across the regions.
The survey acknowledges that conditions in some secondary markets remain challenging.
Clark Weightman director Andrew Clark is a contributor to the RICS UK Commercial Market Survey and for further information please contact Andrew on 01482 645522.