NEW | CBRE Monthly Index Results Call
The first in our series of Monthly Index calls took place today and we are pleased to share a recording of the call with you below. Our Monthly Index calls last for 15 minutes, providing you a first look at the monthly results key market commentary.
The traditional end-of-year surge in property markets delivered some good news in monthly valuations, with growth across the board during December, in contrast to the somewhat unstable summer and early autumn.
Industrial property made a major contribution to overall averages in 2016, reflecting the continued growth of online retailing. With less than a year’s supply available in ‘big box’ logistics property, we predict it will do so again in 2017.
Despite Brexit worries, office rental growth has also surprised on the upside, delivering a respectable 2.4%. However, for occupiers across all sectors, 2017 will not be without its challenges.
The CBRE Monthly Index
The index comprises the valuations of 1,700 commercial property assets from 31 monthly valued funds. The aggregate value of the index is 25 billion pounds. The index is generally released 5 to 7 working days after the month end and enables CBRE to comment and share analysis of market movements in advance of the IPD Monthly Index as well as providing a useful performance check. The CBRE Monthly Index has been in place since 2000 therefore providing a wealth of performance data through the cycle. All Valuations included in the Index are undertaken in accordance with RICS Valuation Standards for financial reporting purposes.