The latest consensus forecast from the Investment Property Forum paints a bleak picture of prospects in the commercial sector.

This will add to worries that the downward dip in the private commercial construction output figures is increasingly likely to turn into a downward slide.

The Forum said the figures for the third quarter represented the sharpest downward adjustment in expectations for the UK commercial property market in a single quarter to date.

Those brave types in the development world looking to build through the downturn are looking that much braver now.