Commercial Property Market Update April/May 2009

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Commercial Property Commentary for April/May 2009
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Demand for commercial property has continued to be slow during the month of May. Many commercial agents are reporting a fall off in enquiries following a more promising start to the year. Confidence appeared to be returning following the release of data suggesting that restrictions on bank borrowing had eased slightly. However the reality has been that it is as hard as ever to get any type of bank funding unless businesses can prove their viability.

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.  READ MORE

Jan 09Feb 09Mar 09
 
Headline Statistics
Commercial property is a massive market broken down by sector and price. We've taken statistics from EIGROUP

Auction Stats

Dec- Feb 09

Feb-Apr 09YoY -/+ RICS Surveyor Reports*Q3+/-Q4+/-
Lots Offered1,1361,391-18.8%Available Space+33%+57%
Lots Sold7941,037-26.2%Occupier Enquiries-54%-62%
Percentage Sold70%75%-9.2%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

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