Lamport Bassitt Solicitors - Legal News - Commercial property rents 'to remain steady'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property rents 'to remain steady' Commercial property rents for retail units are likely to remain steady this year, it has been suggested. According to Jason Sibthorpe, head of retail at GVA Grimley, there will not be significant increases or falls over the course of 2010. His comments come in the wake of the release of research by Cushman & Wakefield, which showed that retail rents declined by eight per cent last year. However, the study also found that the rate of softening declined towards the end of the 12-month period and equalled one per cent in the final quarter. Mr Sibthorpe went on to suggest that the capital is particularly resistant to the tough market conditions that have ensued as a result of the credit crunch and continue to affect the country. He remarked: "London certainly continues to attract a very eclectic mix of retailers, both national and international and for that reason it will continue to be resilient." Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News