Specialised Commercial Property

Specialised Commercial Property : Office Parks, Retail Warehouses, Market Towns and High-Bay Warehouses

RETAIL WAREHOUSES CONTINUE TO SHOW GROWTH

Office Parks, over the six months to November, saw very little movement in rental values with almost half of the regions monitored experiencing no change. Consequently, over the year, office parks overall only saw a 1.3% rise in rental values. The most substantial movement over the half year was recorded in the North West, with 2.2% growth. Only three regions saw any yield movement over the six month period - the greatest being a 0.2 of a percentage point fall in Scotland.

In contrast to most of the property market, retail warehouses are showing substantial rental value growth. Indeed, over the half-year to November, the growth rates showed a marginal increase compared to the previous period, producing almost 11% growth over the year. This has been due to large increases in just three regions. With the exception of Scotland, all