UK commercial property capital values have been boosted by outstanding performance by the industrial and distribution sector according to the latest research by CBRE.
Overall UK commercial property values increased 0.4 per cent in August 2017 with industrial and distribution property capital growth at double that with an increase of 0.8 per cent.
Industrial capital value growth again outperformed the other main sectors in August with the South East Industrial sector growing slightly faster than the rest of the UK with an increase of 0.9 per cent compared with 0.7 per cent.
Rental value growth for the Industrial sector was 0.4 per cent. South East Industrials pulled up the sector average with a rise of 0.6 per cent in August. Rental value growth across all UK Property over the month, was 0.2 per cent, up from July’s 0.1 per cent.
Miles Gibson, Head of UK Research at CBRE commented: “Overall in August, performance in the main sectors was steady compared with July’s results. It is a traditionally slow time of the year for commercial real estate. The Industrial sector continues to outperform the other main sectors as it has done for most of 2017.”