Demand for offices and industrial property soars but new survey reveals weak demand in retail sector
Demand for office property is rising at its highest rate since 1998. The industrial property sector is also bouyant, with demand at a five-year high according to the RICS commercial property survey.
While demand for business property is at a two-year high, the demand for retail space remains weak with demand falling for the sixth quarter in a row.
The results of the survey revealed that 26% more chartered surveyors had reported a rise than a fall in demand for industrial property, the fastest pace recorded in the survey’s history.