TY  - BOOK
ED  - Royal Institution of Chartered Surveyors
ED  - Royal Institution of Chartered Surveyors
TI  - Global Commercial Property Monitor: Q4 2024
T2  - RICS Global Commercial Property Monitor
PY  - 2025///
CY  - London
PB  - Royal Institution of Chartered Surveyors
KW  - COMMERCIAL PROPERTY
KW  - International
N2  - 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
UR  - https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/global-commercial-property-monitors/RICS-Q4-2024-GCPM-headline-report.pdf
UR  - https://www.rics.org/profession-standards/knowledge-and-information-services
ER  -