CONTRADICTORY DATA FROM LATEST UK COMMERCIAL PROPERTY SURVEY !
So, the respondents to the latest (RICS) Commercial Property Market Survey have blamed political uncertainty for the disparate performance.
These are Industrial, retail and office, as in Quarter 4 in 2018 we saw all 3 sectors “occupier demand” falling for the third consecutive quarter to -13% compared with the previous figure of -9%.
A large proportion of this decline can be laid at the door of the retail sector. They had a sharp fall in tenant demand, thus reporting a downturn of 58%. In addition to this, there was a decline in demand for office space at -9%. In contrast, the industrial sector saw a far more positive result of +21% of respondents noting an increase over the period.
