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The RICS has released its report on the state of the commercial market as of the last quarter of 2009 and it generally bodes well for business.

In summary the general messages are:

  • Tenant demand rises further for office and industrial property although retail still lagging.
  • Rents no longer expected to fall in Central London offices as available space reduces for first time in over 2 years
  • Investment transactions jumps for all sectors
  • More enquiries for lettings a second consecutive quarter. This does not apply to the retail sector which still sees a lull.
  • The biggest increase in activity was in Central London. The rest of the county is also seeing an initial move upwards.
  • Enquiries, demand and confidence picked up at a faster pace.

The report can be downloaded here

RICS Q4 2009 02