propertytalk Live! - Commercial rental values suffer slight dip

propertytalk Live! - Commercial rental values suffer slight dip

Four consecutive months of overall market rental growth came to an end in March, albeit fractionally, despite all property reporting a modest upturn in capital growth, at 0.3% according to the IPD UK Monthly Index.

All property rents fell to -0.1%, and within these results Office rents turned negative for the first time in four months due to a combination of lower growth in Central London, coupled with further levels of decline elsewhere in the office market.

Modest levels of capital growth across all sectors in March, amounting to 0.3%, 19 basis points higher than in February, were therefore entirely driven by yield movements, with yield impact at 0.4% for March.