Global Commercial Property Monitor Q4 2024 [Electronic resource]
Language: English Series: RICS Global Commercial Property Monitor ; Q4 2024Publication details: London, Royal Institution of Chartered Surveyors, January 2025Subject(s): Online resources: Summary: RICS UK Commercial Property Monitor Q4 2024 Headline occupier and investor demand largely flat during Q4 but more positivity for 2025 Gap between sustainable quality office space, and the secondary properties continues to expand Credit conditions tighten modestly over the quarter as bond yields rise Some investors employing 'wait and see' approach towards the impact of government policy package According to the Royal Institution of Chartered Surveyors (RICS) UK Commercial Property Monitor Q4 2024, the UK's Commercial Property Market faltered slightly in Q4, although the long-term outlook remains positive, buoyed by a resilient and competitive prime office sector as well as industrial property demand. In Q3, 44% of respondents said that they thought the market had entered an early upturn phase, meaning the largest proportion of respondents still believe that the market is still in the middle of moving upwards. 4% believe the market is a little further up the cycle in a mid-upturn phase. Tenant demand overall remained steady in Q4, seeing a net balance of a perfectly flat zero reading from a marginally positive +5% in the prior quarter. When looking closer at the sectors, retail property saw a fall in demand, but industrial and Office demand remained in positive territory (+7% and +3%, respectively), although the figures for both are weaker than Q3.| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | PROPERTY MARKET DATA (Browse shelf(Opens below)) | Available |
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| PROPERTY MARKET DATA September 2024 RICS/Ci Portuguese Housing Market Survey | PROPERTY MARKET DATA October 2024 RICS/Ci Portuguese Housing Market Survey | PROPERTY MARKET DATA UK Residential Market Survey December 2024 | PROPERTY MARKET DATA Global Commercial Property Monitor Q4 2024 | PROPERTY MARKET DATA UK Residential Market Survey January 2025 | PROPERTY MARKET DATA UK Commercial Property Monitor Q4 2024 | PROPERTY MARKET DATA November 2024 RICS/Ci Portuguese Housing Market Survey |
RICS UK Commercial Property Monitor Q4 2024
Headline occupier and investor demand largely flat during Q4 but more positivity for 2025
Gap between sustainable quality office space, and the secondary properties continues to expand
Credit conditions tighten modestly over the quarter as bond yields rise
Some investors employing 'wait and see' approach towards the impact of government policy package
According to the Royal Institution of Chartered Surveyors (RICS) UK Commercial Property Monitor Q4 2024, the UK's Commercial Property Market faltered slightly in Q4, although the long-term outlook remains positive, buoyed by a resilient and competitive prime office sector as well as industrial property demand.
In Q3, 44% of respondents said that they thought the market had entered an early upturn phase, meaning the largest proportion of respondents still believe that the market is still in the middle of moving upwards. 4% believe the market is a little further up the cycle in a mid-upturn phase.
Tenant demand overall remained steady in Q4, seeing a net balance of a perfectly flat zero reading from a marginally positive +5% in the prior quarter. When looking closer at the sectors, retail property saw a fall in demand, but industrial and Office demand remained in positive territory (+7% and +3%, respectively), although the figures for both are weaker than Q3.