London continuing to drive UK commercial property growth | inspiresme
The strength of London’s commercial property market has once again led the overall UK market to overall growth of 0.2 percent, according to CBRE’s quarterly Prime Rent and Yield Monitor.
The capital remains the key hub for UK real estate growth, particularly with Central London assets growing in strength and the economic downturn being felt elsewhere across the country.
Prime industrial and office markets reported the most encouraging growth in Q1 of 0.4 percent, buoyed by growth in a number of London’s sub-markets to offset glaring weaknesses elsewhere.
Nick Parker, senior analyst at CBRE, said: “The message coming from these results is clear; London remains the key hub for UK commercial real estate growth. In all three major sectors, London experienced positive growth in Q1, with Central London shops the jewel in the crown of UK property.
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