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In Brief - February 2023

UK commercial property update and outlook

February 2023

Valuations based equivalent yields across all property segments continued to rise in January but at a significantly more moderate rate than during the record breaking Q4 2022. This reflects increased investor activity and sentiment in the direct market, where yields have hardened again for some assets. Some of the worst interest rate fears from last September have not been realised, meaning some of the lowest yielding property assets may have overcorrected while the more thinly traded higher-yielding segments may require further softening to re establish appropriate relativities.

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

FEBRUARY HIGHLIGHTS

11.3% down statistic icon

All Property annual total return, Jan 2023

2023 GDP growth forecast

4.2% up statistic icon

2023 unemployment forecast

6.5% down statistic icon

2023 CPI inflation forecast

Key contacts

John Rodgers

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Mark Trowell

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Richard Moir

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Ben Clarke

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