UK Commercial Property Monitor Q3 2023 [Electronic resource]
Language: English Series: RICS UK Commercial Property Monitor ; Q3 2023Publication details: London, Royal Institution of Chartered Surveyors, October 2023Subject(s): Online resources: Summary: RICS Q3 UK Commercial Property Monitor Occupier and investor demand metrics remain in negative territory at UK-wide level 58% of respondents still perceive the market to be in a downturn phase, while 24% sense conditions are consistent with the bottom of the cycle Activity remains relatively downbeat. Tighter financial conditions and a sluggish economic backdrop weigh on activity across both the investor and occupier markets. More than 75% of contributors envisage pressure on corporate cash-flows intensifying over the next year. That said, while the outlook for overall rents and capital values is still slightly negative, there is somewhat better performance anticipated across prime markets as well as for some alternative sectors.| Item type | Current library | Status | |
|---|---|---|---|
| Online material | Virtual Online | Available |
RICS Q3 UK Commercial Property Monitor
Occupier and investor demand metrics remain in negative territory at UK-wide level
58% of respondents still perceive the market to be in a downturn phase, while 24% sense conditions are consistent with the bottom of the cycle
Activity remains relatively downbeat. Tighter financial conditions and a sluggish economic backdrop weigh on activity across both the investor and occupier markets. More than 75% of contributors envisage pressure on corporate cash-flows intensifying over the next year. That said, while the outlook for overall rents and capital values is still slightly negative, there is somewhat better performance anticipated across prime markets as well as for some alternative sectors.