000 02316nam a22002057a 4500
008 250130s2025 xxk|||||o|||| 00| 0 eng d
041 _aeng
110 _aRoyal Institution of Chartered Surveyors
245 _aGlobal Commercial Property Monitor
_bQ4 2024
_h[Electronic resource]
260 _aLondon,
_bRoyal Institution of Chartered Surveyors,
_cJanuary 2025
490 _aRICS Global Commercial Property Monitor
_vQ4 2024
520 _aRICS UK Commercial Property Monitor Q4 2024 Headline occupier and investor demand largely flat during Q4 but more positivity for 2025 Gap between sustainable quality office space, and the secondary properties continues to expand Credit conditions tighten modestly over the quarter as bond yields rise Some investors employing 'wait and see' approach towards the impact of government policy package According to the Royal Institution of Chartered Surveyors (RICS) UK Commercial Property Monitor Q4 2024, the UK's Commercial Property Market faltered slightly in Q4, although the long-term outlook remains positive, buoyed by a resilient and competitive prime office sector as well as industrial property demand. In Q3, 44% of respondents said that they thought the market had entered an early upturn phase, meaning the largest proportion of respondents still believe that the market is still in the middle of moving upwards. 4% believe the market is a little further up the cycle in a mid-upturn phase. Tenant demand overall remained steady in Q4, seeing a net balance of a perfectly flat zero reading from a marginally positive +5% in the prior quarter. When looking closer at the sectors, retail property saw a fall in demand, but industrial and Office demand remained in positive territory (+7% and +3%, respectively), although the figures for both are weaker than Q3.
650 _aCOMMERCIAL PROPERTY
651 _aInternational
690 _96227
_aCommercial property
710 _aRoyal Institution of Chartered Surveyors
856 _uhttps://www.rics.org/content/dam/ricsglobal/documents/market-surveys/global-commercial-property-monitors/RICS-Q4-2024-GCPM-headline-report.pdf
_zAvailable on RICS.org
856 _uhttps://www.rics.org/profession-standards/knowledge-and-information-services
_zIf archived please email [email protected]
942 _n0
999 _c122101
_d122101