Management at one of the region’s leading commercial property agencies are hopeful the market will start to improve this year following the economic meltdown caused by the short-lived Liz Truss Government.
According to the 16 th annual Innes England Market Insite report, 2023 could see the green shoots of recovery after total regional investment in commercial real estate dropped 44 per cent last year to around £1.36 billion.
In a virtual presentation to industry professionals, Ben Robinson, head of the company’s investment consultancy, said: “As we begin 2023 we are cautiously optimistic that despite the re-rating of commercial property yields at the end of last year, transaction activity will return as investors quickly become acclimatised to the new norm.”
