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Strong Outlook for Commercial Property in 2015

Strong Outlook for Commercial Property in 2015

26th February 2015

According to a recent RICS press release, tenant demand for commercial property increased across all sectors for the seventh consecutive quarter. The press release also stated that 40% more surveyors were reporting an increase in investment interest.

The latest RICS UK Commercial Market Survey reported that a third of respondents across the UK expect commercial rents to increase in the coming months. Office and industrial rent expectations are higher than those for retail premises although there are signs that this is strengthening too.

46% of surveyors questioned for the report expect commercial property values and rents to increase over the coming months with the fastest pace growth being seen in London and the surrounding areas.

Simon Rubinsohn, Chief Economist at RICS, suggest that 2015 will be another year of growth for the commercial property market. Analysts are predicting that interest rates will stay on hold for the best part of the year but uncertainty over the upcoming general election is a potential risk to market activity.

If you have any questions about commercial property in Kent and the surrounding regions, contact Sibley Pares today. Email property@sibleypares.co.uk or call us on 01622 673086. We would be happy to provide information on the latest commercial property investment opportunities in your area.