Leading global real estate firm CBRE reveals their latest findings from February’s monthly index.
According to the latest CBRE Monthly Index data, capital values decreased by -0.1% in February, with total returns remaining the same as the previous month, at 0.3%.
February’s findings revealed that the Central London Office sector continued to outperform every other area, posting stronger results across both Rental Value Growth (0.5%) and Captial Value Growth (0.7%), making for a Total Return of 1%.
Conversely, Capital Value Growth in the Retail sector decreased by -1.0%, with Rental Value Growth at -0.8%, with a Total Return of -0.4%.
Toby Radcliffe, Research Analyst at CBRE UK, said: “While current economic uncertainty may have an effect on commercial property values in the coming months, for now, the story remains much the same as it has over the last year with a continuing divergence in sector performance. In February this divergence was particularly evident in the contrasting fates of the Retail and Office sectors.”