An interesting new study has pinpointed the UK’s ‘top commercial property hotspots’ in terms of tenant demand and investment volumes.
The latest UK Commercial Property Review, which was published by real estate group CoStar in recent days, reveals that mainstream commercial property investment was up by 10 per cent year-on-year in the first quarter (Q1) of 2018.
It adds that regional markets helped to drive overall investment in the first quarter (Q1) of 2018, with cities such as London, Birmingham, Manchester, Leeds and Bristol all ranking in the ‘top 20’ in terms of occupier and investor demand.
South East England remains the UK’s best performing region overall, despite investment volumes having fallen 36 per cent below CoStar’s five-year quarterly average.
In comparison, investment volumes in Wales and Scotland have risen by 97 per cent and 27 per cent above their respective averages, the report reveals, as these regions continue to enjoy a ‘commercial property boom’.
CoStar’s figures also suggest that overseas investment in UK commercial property remains strong, as weak sterling continues to attract foreign investors.
Its report reveals that investors from Canada, the US, China, Singapore, South Korea and South Africa continue to pump money into Britain’s commercial property market, with investment from these five countries all up significantly year-on-year.