Citation
(2010), "RICS commercial market survey", Structural Survey, Vol. 28 No. 4. https://doi.org/10.1108/ss.2010.11028dab.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 4
The RICS UK Commercial Property Survey for Q1 2010 indicates signs of a turn around in some sectors of London’s commercial property market. Rental expectations rose dramatically for London offices moving above zero for the first time since Q4 2007 as available space declined for the second consecutive quarter. This is the first time more RICS surveyors have reported an anticipated rise in rents for two years. The positive net balance of 57 per cent (compared with the previous reading of zero) for central London office property was the biggest upward jump on record. This situation contrasts with the picture in the rest of the UK where available space is rising across all sectors and rental expectations are still negative.