The more positive tone of yesterday’s labour market data was encouraging for commercial property rental values, which we still expect to find a floor later this year. However, with public sector job cuts looming, our view is that overall employment will experience renewed falls. As such, any recovery in average rental values over the next 12 to 18 months is likely to be modest.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services