Short-term commercial property values 'continuing to creep up,' say experts

According to the latest predictions from property firm Cushman & Wakefield, UK commercial property prices will continue to climb in the coming months, albeit in the short term.

However, despite this positive outlook, the firm stated that uncertainty remains about whether there is enough momentum to 'sustain future increases in commercial property values.'

Although many investors from all over the world are still expecting rents to continue to climb even higher, especially in prime London circles, there is concern that much of the value that did exist in the commercial property market has already 'been captured.'

Cushman & Wakefield said that, as a result, the situation is justifying the prices currently being paid and highlighted the fact that the UK commercial property market has always been more prone to steep rises and falls.

Cushman & Wakefield's predictions follow revelations earlier this month from The Real Estate Investment Trust, (Reita) - the information provider regarding quoted residential and commercial property investments - that 24 per cent of financial advisers polled expect commercial property prices to fall.

This is compared with only six per cent who held a similar view in January of this year.

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