Key Findings:
- Surveyors say the market is continuing to stabilise, but recovery is likely to be uneven with prime assets expected to outperform secondary stock
- Offices lead the way with prime office rents forecast to rise by an average of 6% and capital values by average of 4% over the next 12 months
- Industrial asset rents are projected to increase by an average of 4% and capital values by 3% – for prime retail the respective figures are 3% and 2%
- 57% regard market prices as fair value while 38% view it as expensive or very expensive
- Three out of four respondents believe occupiers are willing to pay more for health and wellbeing features
- “This trend has been the most profound development in recent surveys as it further broadens the market divide between primary and secondary assets”