The commercial property market in the UK continues to grow, the demand for commercial real estate remains strong in all sectors, according to data provided by the Royal Institute of Independent Appraisers. (RICS)
Commercial real estate the United Kingdom continues to be the safe way of investment and an attractive asset for foreign and local investors, as it grows not only the rent but also the value of fixed capital, despite some of the concerns posed by the macroeconomic state of the economy. Especially, the industrial sector of commercial real estate.
About 43% of chartered surveyors believe that the demand for commercial space industrial use will rise in 2016, 29% are confident in the increase in demand for office space, and 26% believe that will increase demand for retail space.
On the background of increasing demand the supply will continue to decline for the past 11 months, which will undoubtedly affect the change in rent and the cost of buying commercial premises upwards, 87% of respondents believe that rents will continue to grow in the industrial sector of commercial real estate. Regarding commercial premises forecast more modest, however, more than half, namely 51% of chartered surveyors believes that there will be rent growth in this sector of commercial real estate.
A positive Outlook for rent growth for commercial real estate has a place for the whole of the UK, but for London and the South of England, the figures are more impressive – 81% of chartered surveyors expect an increase in rents.
The report also noted that owners of commercial buildings are insufficient incentives to attract tenants. The size of the stimulus packages on the part of landlords, designed to attract tenants has declined significantly over the past two years.
® Alice Morgan. G. 15.01.2016
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