Commercial property achieved growth in February

Posted 08/03/2011

Commercial property achieved growth in February 2011, potential investors may be interested to hear.

According to the latest CB Richard Ellis (CBRE) UK Monthly Index, total returns in the sector amounted to 0.8 per cent last month, with capital growth measured at 0.3 per cent.

This was a slight improvement on the 0.7 per cent total returns seen in January 2011 and could mean that commercial property is beginning to return to normal following the economic downturn.

Central London office space was the strongest sub-sector in terms of performance, but retail also recorded positive capital growth during the month, with standard shops and warehouses both doing particularly well.

CBRE senior analyst Nick Parker said: “February’s property market performance in the UK was generally more encouraging than what was seen last month.”

In December 2010, Mike Slade, chief executive of Helical Bar, told Mindful Money that he thinks investors should “buy like hell” in order to take advantage of current market conditions in commercial property.