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CBRE Monthly Index: Slow Start for Commercial Property

Figures from leading global real estate firm CBRE has revealed a slow start to 2020 for the commercial property sector.

According to the latest CBRE Monthly Index data, capital values decreased by -0.2% in January, with total returns at 0.3% for the month.

As has been the pattern for some time, the Industrial sector continued to outperform every other sector, posting stronger results across both Rental Value Growth and Captical Value Growth, making a total return of 0.7%.

Source: CBRE

Toby Radcliffe, Research Analyst at CBRE UK, said: “2020 looks to be off to a similar start to 2019; Offices and Industrials continue their steady performance while Retail is more challenging. However, UK investment volumes in Q4 2019 surged, and it may be that this momentum will have a knock-on effect on valuations with the usual lag in a few months’ time.”

Despite Retails, continual malaise, the sectors capital growth of 0.7%, matched that of January 2019, while CBRE reports that standard shops recorded a positive (0.1%) growth for the first time in 23 months.

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