RICS Property Survey (Q2) & CIPS/Markit Construction PMI (Jul.)

Both Q2’s RICS commercial property survey and July’s CIPS/Markit construction PMI had a positive tone and add to a range of other evidence that the next move in rents will be upwards. Of course, with existing vacancy rates still elevated, it is likely that any rental recovery over the next six to 12 months will only be gentle.

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