Commercial Property Outlook
Commercial property currently for sale in the UK
- South West England has the highest number of commercial properties for sale
- Scotland currently has 1,156 commercial properties for sale with an average asking price of £1,229,250
- There are currently 1,778 commercial properties for sale in London, the average asking price is £1,229,250.
Avg. asking price
South East England
East of England
North East England
North West England
South West England
Yorkshire and The Humber
Isle of Man
Source: Zoopla, data extracted 19 June 2023
Investment enquiries – broken down by sector
- The headline net balance for investment enquiries was -14%, less downcast that the previous quarter’s reading of -30%
- Investment demand for offices and retail assets came in at -26% and -27% respectively
- Industrial buyer demand appeared to stabilise, returning a net balance reading of +4% (compared to -9% last quarter).
Capital value expectations – broken down by sector
- Expectations turned from negative in Q4 2022 to slightly positive in both the prime and secondary portions of the industrial market in Q1 2023
- Across the prime office sector, values are now seen holding steady over the year ahead (net balance +6% vs -31% in Q4)
- Respondents still foresee further falls in retail values, both prime and secondary, posting net balances of -19% and -50% respectively.
All details are correct at the time of writing (21 June 2023)
Source: RICS, UK Commercial Property Market Survey, Q1 2023
*It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. No part of this document may be reproduced in any manner without prior permission.