UK Commercial Property Monitor Q4 2023 [Electronic resource]
Language: English Series: RICS UK Commercial Property Monitor ; Q4 2023Publication details: London, Royal Institution of Chartered Surveyors, January 2024Subject(s): Online resources: Summary: RICS Q4 UK Commercial Property Monitor While mixed, the largest proportion of respondents in Q4 (33%) now believe that the market has bottomed out, seemingly aiding a slightly more positive long-term outlook. While most of the market remains sluggish and lacking momentum, there are clear incremental improvements. Occupier demand remained negative overall (-7%), although less so than previously (-12% Q3), and although both the office and retail sectors remain relatively weak, sentiment has improved from Q3. Industrial demand remains positive although less so from previous highs.| Item type | Current library | Call number | Status | |
|---|---|---|---|---|
| Online material | Virtual | PROPERTY MARKET DATA (Browse shelf(Opens below)) | Available |
RICS Q4 UK Commercial Property Monitor
While mixed, the largest proportion of respondents in Q4 (33%) now believe that the market has bottomed out, seemingly aiding a slightly more positive long-term outlook. While most of the market remains sluggish and lacking momentum, there are clear incremental improvements. Occupier demand remained negative overall (-7%), although less so than previously (-12% Q3), and although both the office and retail sectors remain relatively weak, sentiment has improved from Q3. Industrial demand remains positive although less so from previous highs.