An article onlie at Savills: What does 2017 have in store for the commercial property market?
After an eventful 2016, many will be hoping that 2017 will bring calmer waters. However, the ripple-effects of last year’s political decisions will continue to be felt across the world’s economies, with the potential for other events such as France’s Presidential election and Germany’s federal elections to unleash further tsunamis.
The motto then for 2017 is ‘expect the unexpected’, but this uncertainty does – conversely – bring with it some measure of certainty in the property investment markets. In the face of further upsets, core investors are likely to prize secure income streams above all, and will focus on the sectors where the fundamentals of supply and demand are insulated by macro economic and political events.
With that in mind, it’s time to take stock of what is likely to happen in the UK commercial property market over the next 12 months
– Investors will continue to favour the UK, particularly non-domestic investors
– Development activity will fall
– Tenants will continue to move
– Experience and convenience will define success on the high street
To read more, see the full article here: http://www.savills.co.uk/blog/article/212771/commercial-property/what-does-2017-have-in-store-for-the-commercial-property-market.aspx