The CBRE Retail team know retail property. Our teams cover retail agency, out of town, shopping centres, lease consultancy and capital markets as well as corporate occupier services, research and consultancy. Based in the west end of London we have an extensive team covering central London retail as well as offices across the rest of the UK specialising in local retail knowledge.
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London Office Rental values hit double digit growth for first time since financial crisis
Total returns for all UK commercial property were 0.9% in October, driven by capital value growth of 0.5%. So far this year capital values have increased by 6.8%, resulting in 11.6% total return for the last ten months.
Rental value growth remained at the same level as in the previous month, 0.4%. Over the year to date, rental values increased by 3.2%.
Rental values for Central London offices increased by 1.3%, fifth time this year when rental value growth crossed the 1.0% mark. For the last year rental value growth was recorded at 10.3%.
Industrial sector holds ground as commercial propertyreturns slow in August
Investment returns on industrial property beat all other commercial sectors for the month of August, with total returns of 1.4%, compared to a market average of 1.0%.
Despite ongoing strength in the industrial sector, total returns across the UK commercial property market dipped in August, falling from 1.2% in July to 1.0%.
Despite slowing growth across the market in August, baseline performance remained strong, with average total returns of 1.0% sitting slightly behind a monthly average of 1.1% for 2015, bringing the year-to-date return on commercial property investments to 9.2%.