Commercial property prices around the UK

When you look at the market for commercial property in the UK, it has continued to change and evolve in recent times. A representative from Alchemis, who are based in the London, said that prices have continued to rise in the capital, which is little surprise as London remains a hotspot for some of the leading businesses in not only the UK but the world. The question then arises, has it been a similar story around the rest of Britain?

There has been much change in the market in recent years. Much of this has been based around Brexit, as businesses have been going through uncertain times and whether they should look to move overseas. This initially resulted in a much slower rate of property rentals but the demand for them has now started to rise again. Although, the UK continues to see office closures for businesses due to the continued growth of online offerings.

Since the vote to leave the EU in June of 2016, it appeared this was going to have a long standing negative effect when it comes to the UK commercial property market. It saw the construction sector decline and rentals decreasing greatly. Statistics backed this up, showing that since December of 2017, UK commercial construction work had declined each month. Rental growth was still up but was much lower than the previously expected figures. This brings us back to the previous rise and fall of the market, with the peak in 2007, before this then falling drastically.

However, industrial property rental has continued to steadily rise, as one of the remaining positives in the market. Office space rental was the big fall initially but is another to have been rising by small amounts each year since. Another positive has been that off industrial properties such as factories, that have been outperforming all the rest in the market since the referendum vote back in June of 2016.

There are now also many trends when it comes to the UK commercial property market. These include:

  • Retail Space

One common trend has been businesses moving away from high street stores to just online. This sees them using the previous shop space for storage or converting these into housing for example.

  • Share of office space

Another growing trend has been businesses looking to use more flexible office space with shorter term leases on them.

  • Interest rates

One of the long standing issues at hand is the high interest rates being offered. This doesn’t appear to be changing and is going to continue to be a threat for businesses until this is changed or updated in the future.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Estate Agent Talk

Larry Ellison’s estate is the third largest oceanfront parcel in Palm Beach County

America’s #1 buyer of expensive homes, Larry Ellison, is selling a mansion from his Florida collection, and it’s a big one. Larry’s Seminole Beach estate, in an exclusive part of North Palm Beach with over 520 feet of ocean frontage is listed at $145 million. The Tuscan-style mansion was built in 1998 on 8.5 acres…
Read More
Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X.   US Proptech News: PropTech Unicorn PLACE expands in 19 states with 37 new teams PLACE, the industry’s only brokerage-agnostic technology and business services platform for top real estate professionals, today reported strong mid-year growth, launching 37 teams and expanding the PLACE footprint to 35…
Read More
Home and Living

Should you buy a house with Japanese knotweed?

According to recent news, the hot weather has been a positive boon for one common and highly invasive plant in the UK, namely the Japanese knotweed. The Express has reported over the last few weeks that this perennial is taking over a park in Worcester and locals are worried it’s likely to have a big…
Read More
Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X.   NAPB: Planning Applications Fall in England, Latest Official Figures Show PRESS RELEASE: The number of planning applications received by councils in England fell almost 12% in the first quarter of this year compared with the same period in the previous year, new figures show. Data…
Read More
Estate Agent Talk

How to Build an Impressive Real Estate Portfolio

Even if the concept of building your own investments resume sounds pretty foreign at first, it doesn’t matter if you’ve been in the business for years now or you’re only just starting out. Portfolios aren’t only for the big players, and, with the right knowledge and careful planning, virtually any investor can handle the challenge…
Read More
Estate Agent Talk

The Surprising Benefits Of Solar Powered Roller Garage Door

Technology is constantly changing and moving forward, and one of the most recent innovations in garage door technology has been the use of solar powered roller garage doors. Instead of being connected to the electricity grid, a solar powered roller garage door collects energy from solar panels and uses the energy from the sun to…
Read More