The UK commercial property market continues to show positive signs with the latest evidence showing that there is an increased demand for property but with less supply avalaible. Offices appear to be leading the demand.
Commercial property demand up in UK as supply falls Thursday, 23 July 2015 ("Commercial property demand up in UK as supply falls"); Demand from business for commercial property in the UK rose for the eleventh consecutive quarter, while available space fell for the ninth successive period, the latest sector market survey report shows. The Royal Institution of Chartered Surveyors (RICS) says that as a result, rents are expected to rise at the fastest pace since its survey began in 1998 with 46% more respondents forecasting higher, rather than lower, rent rates going forward. Offices remain the segment of the market where rental expectations remain most buoyant, while retail continues to lag although even in this area, momentum is picking up, while prices are expected to keep rising over the next 12 months.