The latest Royal Institution of Chartered Surveyors (RICS) monitor said its members were cautious about the sector, pointing to rising uncertainty, fiscal tension and falling demand for office space.

Instead, industrial demand had been the main driver for an increase in occupier demand for commercial property during the third quarter of 2025.

Surveyors told their professional body that they expected rents for office and retail space to fall again between now and the end of the year – though industrial rents were tipped to rise sharply.

And capital values were expected to fall over the rest of the year for office space and retail space, but particularly for offices.

News Catch Up - Tuesday 28 October

In contrast, industrial capital values were expected to increase.

Looking ahead to th

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