CENTRAL LONDON OFFICES CONTINUES TO DRIVE STRONG UK PROPERTY PERFORMANCE
After an encouraging start to the year for UK commercial property in January, all the main sectors experienced positive growth in capital values.
Central London offices were again the strongest segment, especially West End and Midtown offices showing strong capital value growth.
The main driver of performance in the UK commercial property market in recent months has been good secondary and secondary property, with a noticeable narrowing of the yield spread with prime. A distinct difference is appearing at the sector level too with retail underperforming relative to offices and industrial.