RICS Commercial Property Survey Free

Article Type: Newsbriefs From: Structural Survey, Volume 27, Issue 5

Keywords: Commercial property, Trends

The RICS Commercial Property Survey Q1 2009 suggests that tenant demand across all sectors continued to fall in the first quarter although the pace of decline eased back. Surveyors expect rental declines to accelerate on the back of a record increase in available floor space, according to RICS’ latest commercial property survey. The ongoing contraction in the economy and the continuing rise in available floor space have weighed on surveyor expectations for the rental outlook. Surveyors are now more pessimistic than ever before,with 80 per cent of surveyors expecting a fall than rise in rents.