Demand for retail space lowest in 9 years

Posted on 11 May, 2018 by Bailey Clarke

According to recent findings from the Q1 2018 RICS UK Commercial Market survey, there is an increasing divide between the demands for the retail and industrial sectors. The general trend was the demand for retail space was declining while the demand for industrial grew. Interestingly however, the overall demand in the market was noted as being consistent in Q1.

The survey reported that 31 percent of respondents noted an increase for demand in industrial space, though unfortunately the same cant be said for the retail sector which noted that 43 percent of respondents saw a drop in demand for retail properties. This drop in retail made the demand for the sector the lowest it has been since 2009.

The same split looks likely with rent growth over the coming months. in the retail sector, it is likely that the lack of demand will see a downward pressure on retail rents. Conversely, the rents for industrial units are likely to rise with the increased Q1 demands.

For now, it appears the retail sector is still in a slow downward trend that shows no sign of immediate change. Now it will be interesting to see what the results from the Q2 RICS UK Commercial Market survey show.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme