London’s volatile and expensive private lettings market is drawing investors into commercial property, according to fresh research in the £1.8 trillion sector.
Leases for shops and offices can often be longer and the turnover of tenants is lower, making the commercial property look appealing a difficult time for the housing market. Landlords and tenants are adjusting to the end of cheap mortgages, after 14 consecutive Bank of England rate hikes took interest rates to 5.25% from 0.25% in December 2021.
