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Commercial Property News
UK commercial property market sees yields stabilising
Prime yields in the commercial property sector are showing signs of stabilising after January brought the smallest monthly decrease since May 2009.
This is according to new figures from Cushman & Wakefield, which revealed that a decline of seven basis points occurred last month, meaning the average for the business property market is now set at 6.02%.
Both activity and demand in the market for central London offices rose during the course of the month and the firm predicted that a "subdued" pipeline for new developments means a "period of strong performance" is set to occur.
Elsewhere, commercial property for rent in the retail sector has also enjoyed a revival, however Cushman & Wakefield noted that this is set against "a weak 2008".
The results add further weight to the argument that the UK's business property market is enjoying a revival, a claim that has been made by the Investment Property Databank and the Royal Institution of Chartered Surveyors in recent weeks.
This is according to new figures from Cushman & Wakefield, which revealed that a decline of seven basis points occurred last month, meaning the average for the business property market is now set at 6.02%.
Both activity and demand in the market for central London offices rose during the course of the month and the firm predicted that a "subdued" pipeline for new developments means a "period of strong performance" is set to occur.
Elsewhere, commercial property for rent in the retail sector has also enjoyed a revival, however Cushman & Wakefield noted that this is set against "a weak 2008".
The results add further weight to the argument that the UK's business property market is enjoying a revival, a claim that has been made by the Investment Property Databank and the Royal Institution of Chartered Surveyors in recent weeks.
Tue, 16th Feb 2010