Offices underperform
Offices underperform
- 1993
- Estates Gazette (9317) 1 May 1993, 25(1) .
IPD`s new long-term index shows that office property has underperformed retail and industrial property most years since 1970. Over-renting has eased the situation for investors but will affect returns adversely in the medium term.
INDUSTRIAL MARKET
INVESTMENT MARKET
IPD LONG-TERM INDEX
LONDON
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
OVER-RENTING
PERFORMANCE
PROPERTY INDEXES
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
RETURNS
IPD`s new long-term index shows that office property has underperformed retail and industrial property most years since 1970. Over-renting has eased the situation for investors but will affect returns adversely in the medium term.
INDUSTRIAL MARKET
INVESTMENT MARKET
IPD LONG-TERM INDEX
LONDON
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
OVER-RENTING
PERFORMANCE
PROPERTY INDEXES
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
RETURNS