Property Report
Within the property sector, BH&S warns that rising vacancy rates and the expected peak in development completions next year mean that exposure to Central London Offices should be minimised. The same applies to offices along the M4 corridor which are still suffering from the distressed state of the telecoms and computing market.
The retail sector is currently providing the best performance, but BH&S warns that should interest rates rise, retail sales are likely to slow making the sector considerably less attractive. The broker highlights industrial property as the sector with the most potential: vacancy rates should moderate within six months and the increase in manufacturing output should improve demand.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
