Commercial Property Rises
Published / Last Updated on 08/06/2010
by Ashley Clark, Director
According to statistics, UK commercial property has risen by 5.7% this year.
City office space and shopping centres are the main reasons for increases, although industrial space is still depressed. This could change based on the outcome of the emergency budget, with the Prime Minister intimating a boost for manufacturing.
London, as expected, is outperforming all other regions and the outlook for prime space is expected to continue positively.
Whilst property prices have risen, yields have fallen. The average prime yield was 7.8% last year but is now 6.4%.
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