1. UK Commercial Property Update
Q4 2018

2. Headline rent expectations suggest UK rental values will stabilise in the near term

3. Although industrial rents are expected to continue rising firmly

4. The outlook for office rents remains broadly flat

5. Whilst rental values across the retail sector look likely to drop further

6. Indeed demand for retail space has been falling for over a year

7. Further out retail rents are expected to decline at the national level

8. And at the regional level

9. Expectations point to flat trend in capital values over the coming quarters

10. But robust investor demand suggests industrial values will continue to strengthen

11. Values across London offices are likely to remain steady

12. Near term capital value expectations remain broadly similar with retail still downbeat

13. The majority of respondents in London view the market to be in the downturn phase

14. Now a greater share see some relocation of business in response to Brexit