The widely anticipated slowdown in the rate of capital appreciation of commercial property has taken place, following three successive months of record growth in the final quarter of last year, according to the latest CBRE Monthly Index.
Capital values rose by 0.9% over January, producing total returns of 1.5%.
Central London offices saw the strongest performance over the month, with total returns of 2.2%, around half of December’s 4.3% figure. By contrast, retail warehouses showed the most significant slowing in the rate of capital growth, seeing total returns up by 1.2%, their weakest monthly increase since June.
Source: propertytalk Live!.