Commercial mortgage holders seeing rents stabilise?

21 October 2009

Written by David Whittaker

Those with commercial mortgages in London may be among the investors witnessing a stabilisation in rent levels recently.

According to Clive Bull, head of central London investment at Cushman & Wakefield, "the general feeling" within the commercial property industry is that rents and rent-free periods in the office sector are stable.

"On the good retail streets, rents are probably under pressure going upwards as opposed to downwards," he explained.

Earlier this month, Savills reported that the number of top lenders in the UK which are willing to offer finance for commercial property deals has nearly doubled.

The research indicated that 23 financial institutions were willing to provide over £20 million for commercial property deals during the second half of this year, which was 11 more than those prepared to lend over £25 million in the first six months of 2009.

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