January 31, 2019
Political uncertainty continues to hold back UK commercial property market
The Q4 2018 RICS UK Commercial Property Market Survey results continue to display mixed fortunes with changing shopping habits and uncertainty around politics remaining strong influences. The retail sector, with declines driven by the structural shifts in consumer preferences, is in stark contrast to the strong performance of the industrial sector over the quarter. In Q4 all-sector occupier demand declined for the third consecutive quarter, as the net balance moved down to -13% from -9% previously. The headline reading continues to be weighed down by declines in demand across the retail sector (net balance -58%), although the Q4 results also point to a slight decline in demand for office space (net balance -9%). At the same time, demand continued to rise in the industrial sector, with a net balance of +21% of respondents noting an increase in demand over the period.
December 17, 2018
Don’t be a turkey, get on the commercial property gravy train
by Jo Sutherland • Comment, Property
Last week, the RICS Commercial Property conference tackled the biggest issues impacting the built environment sector, arming delegates with fragments of the formula for future success. The morning CEO Question Time panel put a trio of CEOs in the spotlight. In addition to airing concerns about the current political climate, rapidly shifting societal attitudes, diversity and inclusion, the ageing population coupled with the ongoing housing shortage, climate change and the complexities involved in exploring new business models to drive and diversify revenue, they all zoomed in on the accelerated pace of change we’re witnessing, crowning it the key challenge for today’s C-suite.