The central London office market continued to perform well in September, according to CBRE's Monthly Index, but with strong investor interest in prime property and prime locations and prices being driven by international capital, CBRE says is no surprise that Central London has outperformed all other sub-markets over the course of the recovery period.
The central London office market continued to perform well in September, according to CBRE's Monthly Index, but with strong investor interest in prime property and prime locations and prices being driven by international capital, CBRE says is no surprise that Central London has outperformed all other sub-markets over the course of the recovery period.
There was also a return to rental growth in the Outer London/M25 Offices sub-market, for the first time since March 2011.
The retail sector experienced pressure in September as capital values declined 0.3%, although the pace of decline is now slowing, the report says.
Leslie Schroeder, Senior Analyst at CBRE, said 'There are some modest early signs of positivity emerging in the CBRE Monthly Index results for September.'
UK commercial property total returns were 0.2% in September, the third consecutive month recorded at this level. Capital values dipped 0.3%, representing a fall of 3.2% in All Property capital values so far this year, according to CBRE's Monthly Index.
