This report is based on a survey of Propertymark commercial agents reviewing the second quarter of 2024. It is further addended with an analysis conducted by Propertymark of key statistics relevant to the commercial property market.
Economic outlook
The Bank of England base rate stood at 4.25% by the end of June 2025. This stood lower than a year previous.
Rent levels
Members continue to be optimistic about rents in the Land and Yards Sector and Leisure Sector. However, sentiment in the Pubs and Restaurants Sector remains negative and agents remain cautious about rents in the Office Sector.
Investment yields
Expectations for investment yields in the coming twelve months vary by sector with swings in sentiment visible within the Leisure Sector and a further trend downwards for the Lands and Yards Sector. However, this quarter has brought a steady confidence within the Office Sector and surprise uplift in confidence when looking at the Pubs and Restaurants Sector.
Office sector
Supply and demand expectations continue to show flux on a quarterly basis across sectors our members operate in.
