The UK commercial property market is strengthening, with industrial space outperforming office and retail, according to the Royal Institute of Chartered Surveyors’ (RICS) UK Commercial Property Market Survey.
As investor demand increased for UK commercial property across all sectors, with 18% more respondents reporting a pick-up in enquiries, industrial assets were most sought after in the first quarter.
RICS said 28% more respondents saw an increase in demand for industrial space across the UK in the time period.
Simon Rubinsohn, RICS chief economist, said: “The results of the latest commercial property survey chime with much of the recent generally more positive economic news flow.
“The forward-looking indicators are also proving relatively resilient, although it would not be a surprise if activity slows somewhat ahead of the forthcoming general election.”
