Reports of the office’s demise are greatly exaggerated
Despite a troubling year, recent transactions in the city-centre market show us that rents are holding up
This year has been an unpredictable and challenging one for the commercial property market.
The best-performing sector in 2020 has been the logistics and industrial market, which got through the year unscathed. Take-up figures to date are in line with 2019 performance and rents and investment yields have been unaffected. Occupier demand remains strong, and there is a lot of capital chasing good quality, well-let industrial product.
The one negative we foresee is a severe ...