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In Brief - August 2023

UK commercial property update and outlook

August 2023

All Property quarterly total return edged down from 1.0% in June to 0.4% in July following a further tick up in the average commercial property equivalent yield. The steep rise in interest rates has been met with a relatively more moderate increase in property equivalent yields despite their moving out at a record rate in Q4 2022. Retail and industrial valuation yields have been relatively stable so far over 2023, with only office pricing drifting and moving out more sharply in the last two months.

Read more for the most recent occupier and investment updates, economics data and property forecasts.


All Property quarterly total return, July 2023

UK office outward yield shift in 2023

2024 GDP growth forecast

End-2023 Bank Rate forecast

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