UK commercial property update and outlook
November 2024
As we near the end of the year, the stark polarisation between prime and secondary continues for office and retail across both occupier and investment markets. In contrast, industrial lettings activity is diverse and effectively back to pre-pandemic rates, while rental growth is easily outperforming the other sectors. With the repricing that began in 2022 all but over, all sectors are now posting positive quarterly total returns. The outlook is cautiously optimistic, with a more supportive macroeconomic backdrop in prospect, albeit with myriad economic and geopolitical risks in the mix for 2025.
NOVEMBER HIGHLIGHTS
Office quarterly total return, Oct 24
2025 GDP growth forecast
2025 average CPI inflation forecast
End-2025 Bank Rate forecast
Subscribe
Fill in this form to never miss our latest research
Leading property research
Cookie Policy
