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In Brief - October 2023

UK commercial property update and outlook

October 2023

The market is past the year anniversary since the “mini budget” that kickstarted a sell-off of UK government bonds, a sharp upward trajectory on the cost of debt and repricing of commercial property. The All Property total return was -13.6% in September and will become progressively less negative over the remaining months of 2023 as the events of late 2022 fall out of the figures. However, the trends for the three major property sectors are different and the rankings of segment performance are changing. Industrial is moving up while offices, notably London City, are moving decidedly down.

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


All Property quarterly total return, September 2023

2024 GDP growth forecast

2024 average CPI inflation forecast

End-2023 Bank Rate forecast

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