Commercial Property Market Update March 2009

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Commentary
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The commercial market suffered much more than residential in 2008, particularly for properties under £300,000 when Commercial First one of the major lenders stopped lending. Without 35-40% deposits finance is even harder to secure than in residential. However there are signs that the market is starting to bottom out and rental returns are improving versus capital investment. 

Commercial property is a specialist area and our chosen expert partner is Barry Frost, MD of Commercial Plus. Barry comments: "It would be true to say that the commercial property market has been much worse affected by the credit crunch than residential, it just doesn't tend to be covered as people don't live in them. Values have fallen across the board with retail being by far the worst affected sector. The effects have been slightly different in the freehold and leasehold sectors. READ MORE

January 2009February 2009
 
Headline Statistics
Commercial property is a massive market broken down by sector and price. We've taken statistics from EIGROUP and  

Auction Stats

Nov-Jan 09

Jan-Mar 09YoY -/+ RICS Surveyor Reports*Q3+/-Q4+/-
Lots Offered9171,044-14.9%Available Space+33%+57%
Lots Sold618768-24.4%Occupier Enquiries-54%-62%
Percentage Sold67%74%-11.2%Rental Levels-50%-71%

*This is the proportion of surveyors reporting a rise minus those reporting a fall  

Useful Resources
EIGROUP   RICS    SAVILLS   DTZ   ESTATES GAZETTE 

Read Savills 'Commercial Market in Minutes' udpate

For market commentary on Commercial Property please contact: Barry Frost from Commercial Plus on 01244 680360 or 07973 760701. Email: barry.frost@commercialplus.co.uk

For other market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018
NALS Conference Chair 2016

Kate's Consumer Portal

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