London leads UK commercial property market to overall growth
26th April 2012
The strength of London’s commercial property market has once again led the UK market to overall growth of 0.2 percent, according to CBRE’s quarterly Prime Rent and Yield Monitor.
As the most attractive area for real estate growth in the country, the capital has seen the value of assets in Central London increasing amid the impending 'double-dip' recession that appears to be affecting matters elsewhere in the country.
Prime industrial and office markets reported growth of 0.4 percent across the country with growth in a number of London's sub-markets offsetting declines in struggling areas of the UK.
Nick Parker, senior analyst at CBRE, believes London remains the "key hub for UK commercial real estate growth."
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