UK commercial property update and outlook
There may be some warning signs for the UK economy, but All Property annual total return sailed past 20% in January for the first time since November 2014. Besides the positive drivers from industrial this reflects the absence of the drag from retail that has been a feature for so many years. Shopping centre annual total return finally crossed into positive territory of +1.0% in January. Meanwhile London offices in January had the highest monthly volume of investment transactions on record.