UK commercial property update and outlook
October 2022
All Property quarterly total return continued to drop further into negative territory and hit -4.1% in September. All major segment quarterly returns were negative but this was particularly driven by industrial. Industrial quarterly total return dropped to -7.1% in a dramatic turnaround after posting +8.4% only four months ago in May. Capital values could fall as much as 25% by the year-end, with a potential -35% peak-to-trough into 2023.
