Commercial Property Market Review – April 2023

Our property market review is intended to provide background to recent developments in the commercial property market as well as to give an indication of how some key issues could impact in the future.

Inside the April report:

Investor confidence returns as pricing plateaus: UK commercial investment volumes totalled £5.6bn in Q1 2023, according to a report from Savills, the second lowest quarterly volume since 2009.

Commercial landlords at risk of non-compliance: One in every 20 square metres of commercial property space could be at risk of noncompliance with the Minimum Energy Efficiency Standards, according to a release by Knight Frank.

Higher vacancy rates for Scottish offices: Office vacancy in Scotland has risen to its highest level in seven years, according to CoStar Group, reaching 10.3% last month.

Commercial property currently for sale in the UK – data, (Source: Zoopla, data extracted 20 April 2023).

London office moves on the up: In a turbulent market, 2022 saw the highest number of Central London office deals on record, according to the newly released London Moves report.

Click on the button below to read or download our Commercial Property Review for April 2023, it is in pdf format.

We are not authorised to provide advice on investment decisions concerning property, only for the provision of mortgage advice. Commercial lending is available by referral to a master broker.

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Henderson Stone Asset Management Ltd is registered in Scotland. Company Number: SC585359. Registered address: Suite 3/1 Herbert House, 26 Herbert Street, Glasgow, Scotland, G20 6NB.