The RICS has published its latest quarterly UK Commercial Property Market Survey (Q2 2019), headlined ‘Retail pressure shows no sign of abating’.

Offering comment within the published survey, among other RICS chartered surveyors in the Eastern region, are Alan Matthews and Tony Barker of, respectively, the Huntingdon and Peteborough offices of Barker Storey Matthews - now part of Eddisons. 

Alan Matthews said, “The demand for investment remains strong, particularly in the industrial sector.  We are experiencing strong demand from investors for unlet small industrial units which will yield 6 to 7 per cent once let.  

“Office occupier demand is still weak - as is retail.  It’s hard to say with any degree of certainty how Brexit is affecting the market but it certainly isn’t helping.” 

Tony Barker added, “As in the previous quarter (Q1 2019), the strongest performing sector is industrial/warehouse - with increasing pressure on both rents and capital values due to shortage of stock.   

“Some major speculative warehouse development is now planned at Orton Southgate, Peterborough.  A concern, however, is the lack of immediately available serviced land for development.  

“The office occupational market remains fairly weak both for freehold and leasehold enquiries.” 

For the full RICS survey, see bit.ly/2GG3fsP.