Capital values increased 1.0% across all UK Commercial property in July 2021, according to the latest CBRE Monthly Index.
This rise marks the largest monthly growth rate in all property capital values since December 2014.
In July, rental values rose 0.2% and total returns were 1.4%.
According to the Index, in July, Retail sector capital values rose 1.1%, driven by growth in all Retail subsectors apart from Shopping Centres, which posted capital growth of -0.3%.
The strong month for Retail capital values was boosted by a 2.1% capital growth for Retail Warehouses, a record monthly increase for the subsector.
Tony Radcliffe, research analyst at CBRE, commented: “The recent rebound in values has continued at an accelerated pace in July. Positively, the growth in values seems to be relatively robust with increasing capital values across Retail, Offices and Industrials.
“This represents the first month to post rising values in all three sectors since October 2017. July’s strong All-property performance was further boosted by a record-breaking performance from Retail Warehouses, which is fast becoming the sector to watch.”
