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CBRE Monthly Index: Shopping Centres Values Down 7.7% in Q3

Leading global real estate firm CBRE has revealed its latest findings from September’s monthly index.

According to the latest CBRE Monthly Index data, capital values across all UK commercial property fell by -0.3% in September, taking the total capital growth to -0.9% for Q3.

In September, the Retail sector posted a -1.3% fall in capital values. The Shopping Centre subsection decreased in value by -4.1% over the month, taking the total Q3 decrease in values for Shopping Centres to -7.7%.

CBRE UK Monthly Index Snapshot: September 2020

As shown above, the Industrial sector saw capital values increase 0.7% over the month, with the sector also posting positive capital value growth in each month of Q3 taking the quarterly increase in values to 1.1%.

Commenting on the findings, Toby Radcliffe, Research Analyst at CBRE said: “Q3 has been the strongest of 2020. It reported significantly smaller decreases in capital values at the all property level than previous quarters, leading to positive quarterly total returns for the first time this year.”

CBRE UK Monthly Index Snapshot: Q3 2020

Radcliffe continued: “On the current trajectory, it now looks possible that 2020 could end with greater total returns and smaller declines in rental and capital values for the year than predicted by the 2020 summer IPF consensus forecast.

“However, any optimism about the end of the year should be treated with caution due to continuing disruption caused by Covid-19.”

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