19 December 2019 | Marino Donati
Capital values in the office sector increased 0.1 per cent in November, according to CBRE.
The figure was pulled up by the central London offices sector, which saw a capital value increase of 0.4 per cent. This outperformed the Outer London/M25 and rest of UK submarkets, which experienced decreases of 0.2 per cent and 0.1 per cent respectively.
Rental values for the office sector increased 0.1 per cent over the month, while total returns were 0.5 per cent.
Across the UK commercial property sector as a whole, which included industrial and retail property, capital values decreased 0.4 per cent in November, according to the UK monthly index. Rental values fell 0.1 per cent for the month.
Toby Radcliffe, research analyst at CBRE, said: "November's results echo those throughout the year. As Industrials and Offices vie to be the year's best-performing sectors, their steady performance is not enough to mitigate the Retail declines which have dragged down all UK property results."