Secondary Property Rent Index November 1995

Rents

Industrial Rents Grow at an Increased Rate

Following an overall fall in rental values during the six months to May (0.1%), the All Secondary Rent Index grew by 0.2% over the last six months.

Rental values in the industrial sector grew by 1.4% during the last six months, an increase on the previous six months' rate of 0.8%. The increase has been led by London and Scotland which have experienced substantial improvements in their growth rates. Over the year as a whole, however, Scottish rental values have declined - the only region to see a fall in rental values.

Over the last six months, the office market registered a very marginal increase in office values - attributable solely to a correspondingly small increase in the South East region. However, over the year, no growth at all was experienced in this region. The greatest movement in this sector, over the last twelve months, was seen in Scotland where rental values fell by over 5%.