Home Commercial Property Robust office and industrial sectors mitigate retail declines

Robust office and industrial sectors mitigate retail declines

by LLP Editor
12th Nov 19 11:36 am

Across UK commercial property, capital values decreased -0.3% in October, according to the latest CBRE UK Monthly Index. Rental values decreased -0.1% and total returns were 0.2% for the month. Positive but slowing Office and Industrial performance was again outweighed by negative retail returns.

Capital growth in the Industrial sector slowed to 0.1% in October, down from 0.3% in September. South East Industrials continue to outperform Rest of UK, with capital growth of 0.2% for the month, while values in the Rest of UK fell -0.2%. Rental values across the sector increased 0.1% and total returns were 0.5% for the month.

Capital values in the Office sector increased 0.2% over the month, outperforming the Industrial sector for the fourth month this year.Central London Office capital values increased 0.1%, while in the Outer London/M25 and Rest of UK submarkets capital values increased 0.1% and 0.4%, respectively. Rental values increased 0.2% across the sector in October. Rental values in Outer London/M25 and in the Rest of UK increased in line with the sector average (0.2%).

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