Demand for commercial property will pick up at modest pace over the next six months, according to the latest trends survey from the CBI and GVA Grimley. However, while demand for offices is expected to rise, demand for industrial, warehouse and retail is expected to decline. The survey reports greater optimism about the office sector’s prospects despite a fall in demand of 8% over the past six months. Central London remains the star performer in the sector. However, the retail and industrial sectors’ prospects appear gloomier with just 2% of respondents planning to take more space and 15% expecting to decrease it.
Stuart Morley, national head of research at GVA Grimley, said: “With the
“This nationwide survey illustrates that this isn’t the case, and that across the country as a whole demand is more moderate, but improving.”
