The UK is in the fortunate position of being able to boast exceptionally strong commercial property results at present, and this situation is continuing as people are now looking back over the first quarter of 2014. According to an article on Investor Today, growth figures of up to 3% have been recorded in just the last year, and the average prime yield has also fallen by an exceptionally rapid 10 basis points. This leaves it standing at 5.9% at the close of the first four months of 2014.
With capital values being substantially uplifted, and no yields registering any form of increase, rents have remained either static or posted increased figures, and this is fantastic news for the commercial property market. Offices have been observed to be the strongest performers in this relative boom, and this represent s the continuation of a pattern that has been in existence for some years. The centre of London has likewise maintained its position as the most rapidly growing sector for commercial property, so the frontrunners of the recent past have continued to perform well this year.
Not all sectors are doing quite so well as offices though, and the unceasingly slow growth of retail property has failed to markedly pick up. However, this is of course only a poor result in comparison to the success of office properties, as commercial real estate as a whole appears to be going through a rather triumphant period at present. Experts have claimed that the performance of commercial property is a direct indicator that the UK’s economic improvements are not merely a fallacy, and, with yields falling and rents growing almost without exception, the future continues to look bright.
With such an unprecedentedly favourable climate for commercial property in the UK, there has rarely been a better time to begin investing in such premises, and here at Prideview Properties we can make it very easy for you to find the very best properties. We are specialist commercial property agents in London, and our website allows you to customise you search for property in the capital to suit your exact requirements. We also deal in UK commercial property on a nationwide basis too, and with more than two decades of experience we’re confident that we can meet your needs.
As a company that has consistently delivered customer satisfaction even within the recession, we welcome you to get in touch with us now if you’d like to stay in the loop regarding all of the most exciting UK commercial property deals.