UK commercial property values grew 0.1% in October, contributing to total returns of 0.6% for the second month running, according to CBRE.
The agent’s latest Monthly Index said that central London offices continued to outperform other UK market sub-sectors, although City office total returns slowed to 0.6% from 1% in September. Performance in the West End and Midtown were stronger than the previous month at 0.8% and 0.9% respectively.
Values fell for shopping centres, outer London/M25 offices and industrials. Shopping centres delivered the weakest returns, at 0.2%, as a result of a 0.3% fall in values over the month.
Year to date, total returns are 7.1%, with capital growth of 2% in the UK property market.
