UK prime commercial property rents up by 1pc in Q2

commercial-propertyRent across the UK’s prime commercial property increased by 1% in the second quarter of 2016, enhanced by near record levels of rental growth in central London shops, according to a recent report. The latest CBRE’s report shows that in this quarter the uncertainty caused around the EU referendum made prime yields to remain stable. Rents rose considerably across several sectors during the quarter, with high street shops rising 2.8% and industrial rents 1.4%. Central London saw the greatest rental across the rest of UK.
Miles Gibson, head of UK research at CBRE, says: “The second quarter wasn’t exactly business, but despite the heightened uncertainty due to the referendum results, the commercial property sector demonstrated strong underlying health, with yields largely unmoved in markets. In particular, plenty demand for commercial space pushed up rents nationwide, especially in prime London retail, which saw the highest rental growth on record.”

Leave a reply

Your email address will not be published.

Back to home page