RICS UK Commercial Property Survey
Retail and industrial space available to tenants in the East of England declined for the fourth consecutive quarter as the region starts to recover from the recession.
- As the number of tenants seeking new business premises gradually rises, the availability of floor space has fallen across all business property.
- Demand for retail space remained positive although it slightly declined in the fourth quarter of 2009 to 13 per cent, compared with 18 per cent in the third quarter.
- Rent expectations remain negative across the commercial sector although the picture has improved. This is most apparent in retail, which has seen a rise in rent expectations for the fourth consecutive quarter.
- There is little confidence among chartered surveyors in the region that sales and lettings will improve in the first quarter of 2010.