In this recent article by Money Observer they are talking about whether commercial property is back on the rise. In November came the first signs that commercial property market may have turned the corner, following the June Brexit vote last year which hit it very hard. Here's what they are saying.
"Commercial property has had a torrid time since the Brexit vote on 23 June last year. It was one of the first sectors affected and one of the hardest hit. Share prices fell the day after the referendum, as investors anticipated that the UK's departure from the EU would lead to an exodus of tenants.
Contagion quickly spread to property funds as investors tried to withdraw their money from the sector. Some funds quickly adjusted their pricing. Most open-ended retail funds were obliged to halt trading to stem the tide of withdrawals.
It was, it seemed, the financial crisis all over again, with some £3 billion of funds withdrawn by investors according to the Investment Association. The IPD Monthly Property index recorded three straight months of decline after the referendum, the first quarterly decline since June 2009."