Demand stays strong for commercial property
Latest survey results from RICS show that the commercial property market remains firm.
Demand is continuing to outstrip supply, keeping capital values and rents strong, according to its findings.
The results are in RICS’s latest UK Commercial Property Market Survey, for the final quarter of 2015.
Its study showed a continued rise in occupier and investment demand although the rate of increase just weakened slightly.
Strongest growth was in the industrial sector although tenant demand growth also remained solid in office and retail.
The survey says that overall, in terms of current views on the property cycle, the largest share (37%) of contributors believe their local market is in the early stages of the upturn.
Some 35% feel the upswing has progressed slightly further and the market has reached the middle phase of the growth cycle while just 7% sense conditions are close to peaking.
We have many commercial clients as well as private and public sector clients. We’ve seen the sector grow during the recovery, and demand for our services grow with it over the past two years.
Many of our staff are Members of RICS, while our Managing Director Bill McAndrew, Director Ian Lee and Consultant Ken Veness are all RICS Fellows.
RICS accreditation and membership helps keep us on top of the very latest industry developments and means we can provide the best expertise, informed advice and quality of service to all of our clients.
Read the RICS study in full at www.rics.org/uk/news/news-insight/press-releases/uk-commercial-property-still-viewed-as-sound-investment-despite-macro-concerns/
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Latest survey results from RICS show that the commercial property market remains firm. Demand is continuing to outstrip supply, keeping…