Keywords
Citation
(2010), "RICS Commercial Market Survey", Structural Survey, Vol. 28 No. 3. https://doi.org/10.1108/ss.2010.11028cab.001
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
RICS Commercial Market Survey
Article Type: Newsbriefs From: Structural Survey, Volume 28, Issue 3
Keywords: Market forces, Office buildings
The RICS Commercial Market Survey for Q4 2009 suggests that London office availability started to decline. Tenant demand rose further for office and industrial property although retail was still lagging. Rents were no longer expected to fall in Central London offices as available space declined for first time in over two years. Lettings activity for commercial property moved higher in Q4, for the second consecutive quarter. Net balances for enquiries, demand and confidence picked up at a faster pace. Of the sectors, retail property continues to lag with tenant demand still in decline across most regions outside of London and the South East. Central London offices saw the largest upturn in activity although all regional office markets are now seeing a modest pick up for the first time since Q2 2007. A countrywide expansion is also underway in the industrial market. Indeed, surveyors expectations with regard to rents and future lettings rose further.