Skip to main content

Industrial outperformance has further to run

UK commercial property looks to be on track to deliver total returns of approaching 10% this year, surpassing even our above-consensus forecasts. However, with interest rates now seemingly on a gently rising trajectory, capital value growth and thus returns will moderate next year. We expect returns to sit within a narrow range of 4% to 6% between 2018 and 2021.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.