The results from the latest RICS (Royal Institution of Chartered Surveyors) UK Commercial Market Survey for the fourth quarter of 2015 have been released with positive news for commercial property investors, particularly in the East of England.
As reported in the Eastern Daily Press, the survey predicts a rent rise across all sectors for the next quarter as a result of the continued demand, making commercial property an attractive proposition for investors (although it is noted that the interest of foreign buyers has plateaued).
The survey reveals that the strongest demand for commercial space is in the industrial sector where 43 percent more chartered surveyors reported a rise in demand for industrial space (in the fourth quarter of 2015) compared with more modest rises for office and retail space.
The forecasted rent rise appears to be fuelled by a lack of supply, and while there is much speculation for the supply issues, one of the key concerns is a distinct lack of development of new commercial premises outside of London.
The survey does expect the biggest price rises outside of the London area to be here in the East (although 81 percent of those surveyed believed that commercial property in central London is over-priced), giving continued optimism for commercial property investors in the region.
To view the full report from the RICS, please click here.
To speak to one of our Commercial Property team, please call 01603 660 811.