The RICS has issued its Q2 commercial property market survey. No prizes for guessing that industrial premises lead the way in terms of rental growth and occupier demand whilst retail remains the villain of the piece.
Sentiment around capital value and rental growth expectations is marginally more positive than last quarter (when averaged out across all sectors), both slightly above the 0% line as opposed to below last quarter.
An interesting statistic is that 12% of repondents think we are at the top of the property cycle and 10% consider we are at the bottom. 53% think we are in a downturn and 25% in an upturn. An inconsistent result, reflecting the unpredictable political and global environment we are operating in today.
The Q2 2019 RICS UK Commercial Property Market Survey results show the well established trends of recent quarters remain firmly in place. Indeed, the retail sector continues to display firmly negative sentiment in the face of the structural shift towards increased online spending. Meanwhile, solid demand growth is still being reported across the industrial sector, with this pattern evident across all parts of the UK
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