CB Richard Ellis September Reports

Central London September Report - Leasing Levels Exceed Last Year But Take-Up Weakens

Take-up dropped 58% in Central London to 0.6m sq ft with only the West End higher over the month.

Availability in Central London fell marginally to 15.0m sq ft.

Active demand fell to 9.3m sq ft - its lowest level since January.

For the Full Report Click Here

UK Property Returns Steady in August

CB Richard Ellis’ latest UK Monthly Index shows that the All Property total return slowed only marginally in August, to 0.8% from 0.9% in the previous month. Capital growth increased by 0.3% for the month due to a small amount of yield compression, as rental values remained unchanged from July. August’s return brings the year-to-date total return to 12.3%, with capital values up 7.5% in 2010.

The CB Richard Ellis Monthly Index showed:

- All Property total return was 0.8% in August, with annual returns of 26.3%.

- All Property capital growth was 0.3% in August, with values up 7.5% since the start of the year.

- The strongest performing market sub-sector over the month was again Central London offices, which recorded total returns of 1.0% and capital growth of 0.6%.

- All Property rental values were flat over the month, but down 1.0% in 2010.

- All Property equivalent yields were unchanged for the third successive month at 6.9%.