22 Oct

"Good news is welcome" in commercial property market

"Good news is welcome" in commercial property market

Estate agents may be finding that they have seen sales of commercial properties pick up, according to the comments of one expert.

Director of policy (real estate) at the British Property Federation Ian Fletcher said that it has taken time for the sector to recover after the declines experienced over the past two years.

However, it is now showing a much more positive outlook and "any good news is welcome", he stated.

Mr Fletcher also advised that property demand is currently focused on the primary market because "there is a lot of excess stock in the secondary market".

"There is a differential in the marketplace between both levels," he added.

Earlier this month, Knight Frank revealed that London is the most expensive city in Europe for renting prime office, distribution or shopping centre space.

This is despite the costs of rent in the European sector falling by almost 12 per cent over the past six months.ADNFCR-1222-ID-19422343-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.