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In Brief - July 2023

UK commercial property update and outlook

July 2023

The June data show the beginnings of another shift down in commercial property capital values for the second half of the year, albeit it is likely to be a much more moderate one than during H2 2022. This is set to impact the different property sectors unequally, however, with offices particularly affected. More positively, the market now expects the rise in the Bank Rate to be shallower than previously expected a few weeks ago, which has given some respite to investors. Investment activity has been subdued and fell for a sixth successive quarter in Q2 2023 from Q1 2021’s peak.

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


Q2 2023 commercial property investment


June 2023 Quarterly All Property yield impact

2024 GDP growth forecast

End-2023 Bank Rate

Key contacts

John Rodgers


Mark Trowell


Richard Moir


Ben Clarke


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