Secondary Property June 1995

Rents
Industrials - only sector to experience growth
The industrial sector has witnessed growth of 0.8% over the six months to May. This was the only sector to experience any rental value growth; the All Property Secondary Rent Index saw a rental value decline of 0.1%. With the exception of Scotland, all industrial regions experienced rental value growth of between 0.8% and 2%. During the previous six months, to November 1994, only the Midlands and Scotland had experienced any rental growth.
The All Offices index fell by 0.1% over the six months to May. This is in contrast to the previous six months which had seen secondary office rents increase by 0.6%. Fringe City and Central London, although having experienced rental growth, did so at a slower rate. Over the year, however, Fringe City and Central London have seen rental growth of 11.4% and 10.5% respectively. Scotland also experienced rental value decline in the office sector.