Outlook for UK commercial property brighter as more respondents believe market has bottomed out

The RICS UK Commercial Property Monitor for Q4 2023 revealed some growing confidence in its long-term outlook. While mixed, the largest proportion of respondents in Q4 (33%) now believe that the market has bottomed out, seemingly aiding a slightly more positive long-term outlook. While most of the market remains sluggish and lacking momentum, there are clear incremental improvements. Occupier demand remained negative overall (-7%), although less so than previously (-12% Q3), and although..