UK commercial property values grew marginally in September, with CBRE’s all-property total returns increasing to 0.6% compared with 0.5% in August.
The agent said the 0.1% growth in values was “a definite ease away from the very slight negative capital growth seen last month”.
While most commercial property asset types “kept their head above water in September”, the outer London/M25 office market took a slight turn downwards, with a return of -0.2%, signalling the end of two years of positive returns.
Office returns were 0.6%, with capital growth of 0.1%. Central London and Midtown offices delivered total returns of 1% and 1.8%, respectively. The rest of UK offices saw no capital growth, with returns of 0.5%.
Industrial saw returns of 0.7%, and capital growth of 0.2%. And, high street shops saw values flatten and returns of 0.5%.
