Capital values across UK commercial property fell by 0.3% in February, while rental values fell by 0.1% and total returns grew by 0.2%, according to the latest CBRE Monthly Index.
Retail continued to struggle. For the sixth consecutive month, capital values (recording a 1% fall in February), rental values and total returns were all negative.
Shopping centres recorded the second-largest fall in capital values since July 2016 (2.1%), as rental values fell by 0.8%. This pushed change in total returns for the month to -1.6%.
High-street shops reported a decline in capital values of 0.3%, while